In a One-Period Economy, the Expression for the Budget Constraint $C = w ( N s + l ) + \pi - T$

question 6

Multiple Choice

In a one-period economy, the expression for the budget constraint is

• A) \(C = w ( N s + l ) + \pi - T\).
• B) \(C = w ( N s + l ) + \pi + T\).
• C) \(C = w ( h + l ) + \pi - T\).
• D) \(C = w N s + \pi - T\).
• E) \(C = w l = w h + \pi - T\).