Economists Usually Think That What Matters for Choices Are Preferences

question 122

True/False

Economists usually think that what matters for choices are preferences and constraints such as prices and income.

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Definitions:

Tertiary

Pertaining to the third level or stage, often used in the context of tertiary education (higher education) or the tertiary sector (services sector).

Labour Market

The supply and demand for labor, where employers seek to hire employees and workers seek employment.

Gendered Division

The allocation of roles, responsibilities, and tasks based on gender, often leading to disparities in power, resources, and opportunities.

Social Inequality

Within a community or society, inequities in opportunities and rewards exist for different social standings or positions.