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Constrained choice is relevant for households?
Aconsidered to be ‘poor’ but not for those who are considered to be ‘rich’
Bmaking spending decision but not labour-supply decision.
Cmaking both spending and labour-supply decisions
Dmaking labour-supply decisions but not spending decisions.
Correct answer
C. making both spending and labour-supply decisions
Explanation
The correct answer is making both spending and labour-supply decisions.