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In a One-Period Economy, the Expression for the Budget Constraint C=w(Ns+l)+π−TC = 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(Ns+l) +π−TC = w ( N s + l ) + \pi - T .
B) C=w(Ns+l) +π+TC = w ( N s + l ) + \pi + T .
C) C=w(h+l) +π−TC = w ( h + l ) + \pi - T .
D) C=wNs+π−TC = w N s + \pi - T .
E) C=wl=wh+π−TC = w l = w h + \pi - T .

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