In the one-period model,what do we assume about household preferences?
A) Households prefer more to less.
B) Households like money.
C) Households dislike taxes.
D) Households care about others.

Question

Quizplus · Accepted Answer

In the one-period model, we assume that households have a standard preference for consumption and prefer more to less. This assumption helps in determining optimal levels of consumption and savings.

In the One-Period Model,what Do We Assume About Household Preferences