The objective of the household is to
A) maximize household wealth
B) own as much land as possible
C) save as much money as possible
D) acquire as many goods as possible
E) maximize utility
Correct Answer:
Verified
Q3: Households act as suppliers when they provide
A)goods
Q4: The term "utility" means
A)satisfaction
B)a low-valued good
C)productivity
D)adaptability
E)efficiency
Q5: If the real wage decreases, the opportunity
Q6: The statement "Households maximize utility" means that
Q7: Which of the following is one of
Q9: Roxanne and Eileen live in an apartment
Q10: Which of the four types of economic
Q11: Economists generally assume that
A)firms act to maximize
Q12: As the real wage increases, the opportunity
Q13: The movement in U.S.population from the farms
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