Unitary household models predict that households will put resources to __________ use.This means that households allocate land,non-labor income and other resources across uses in such a way that it is impossible to raise one member's well-being without reducing the well-being of another.?

Question

Quizplus · Accepted Answer

Unitary household models assume that households act rationally to maximize overall well-being, which involves allocating resources in the most efficient manner possible. This means that resources are allocated to their most productive use, resulting in a higher overall standard of living for the household. The other choices (A, C, and D) are not necessarily part of the assumptions of unitary household models.

Unitary Household Models Predict That Households Will Put Resources to __________