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We assume that the representative consumer's preferences exhibit the properties that

smitch6

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We assume that the representative consumer's preferences exhibit the properties that

We assume that the representative consumer's preferences exhibit the properties that
A) they evolve over time and that more is always preferred to less.
B) more is preferred to less and that the consumer prefers diversity.
C) the consumer likes diversity and that more is sometimes preferred to less.
D) more is sometimes preferred to less and that consumption and leisure are both normal goods.
E) less consumption is preferred to more leisure and that consumption and leisure are both normal goods.

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Macroeconomics, Canadian Edition

Edition: 5^th

Author: Williamson

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Blade73

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More solutions for this book are available here

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smitch6 Author

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6 years ago

Correct

avance37

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Smart ... Thanks!

IvanaVR

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this is exactly what I needed

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