In economics, a household is defined as a group of individuals making joint decisions as though acting

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In economics, a household is defined as a group of individuals making joint decisions as though acting as one person.

a. How do you think decisions are actually made about things like consumption and allocation of time within the household?

b. Does bargaining take place?

c. If so, what gives an individual power to bargain effectively for his or her preferences?

d. Do individuals act cooperatively within the family and competitively everywhere else?

e. Does this make sense? (Feminist)

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Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

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Question Posted: Dec 05, 2018 05:30 AM

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In economics, a household is defined as a group of individuals making joint decisions as though acting

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a Economists know relatively little about intrahousehold decisionmaking and have generally assumed t...View the full answer

Macroeconomics

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