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

Correct Answer:

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