A ________ model of the household assumes that a family maximizes its happiness under a budget constraint that pools all of its income,wealth,and time.

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The unitary model of the household assumes that the family makes decisions as if they were a single individual with a unified goal of maximizing happiness while facing a budget constraint that pools all of their resources. This stands in contrast to other models, such as the collective or bargaining models, which assume that decision-making is split and subject to disagreements or negotiations.

A ________ Model of the Household Assumes That a Family