While household portfolio decisions are guided by desires for happiness, good health, and a high standard of living, economists traditionally focus on which of the following?

Question

Quizplus · Accepted Answer

Economists traditionally focus on living standards when analyzing household portfolio decisions, as it is a measurable and quantifiable outcome that can be affected by financial choices. While happiness, saving for offspring, and long life are important considerations for individual households, they are more difficult to measure and analyze from an economic perspective.

While Household Portfolio Decisions Are Guided by Desires for Happiness