Economists Assume That the Objective of Households Is to _____

question 8

Multiple Choice

Economists assume that the objective of households is to _____

• A) maximize household wealth.
• B) own as much land as possible.
• C) save as much money as possible.
• D) acquire as many goods as possible.
• E) maximize utility.

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Definitions:

Statistical Effectiveness

Describes the extent to which a particular intervention or treatment has been proven to work, based on statistical analysis.

Transmission

The act or process of transferring something from one place, person, or thing to another, often used in the context of diseases or information.

HIV

Human Immunodeficiency Virus, a virus that attacks the immune system and can lead to AIDS if not treated.

Postdecision Dissonance

In the theory of cognitive dissonance, tension that occurs when you believe you may have made a bad decision.