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    Exam 4: Consumer and Firm Behavior: The Work–Leisure Decision and Profit Maximization
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    In a One-Period Economy
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In a One-Period Economy

Question 23

Question 23

Multiple Choice

In a one-period economy


A) consumption equals disposable income.
B) consumption equals disposable income plus the value of non-market work.
C) savings is always positive.
D) consumers may increase their consumption by borrowing.
E) consumers save more than they consume.

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