In a two-person household,assume Tracy earns the most income and is totally incompetent in raising children.The other person in the household,Pat,is competent at raising children.Pat is more likely to stay at home and raise the child when

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Quizplus · Accepted Answer

Given Tracy's high income and Pat's low wage, it is economically rational for Pat to stay home, as Pat's potential earnings are less significant compared to Tracy's, and Pat is competent at raising children.

In a Two-Person Household,assume Tracy Earns the Most Income and Is