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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Women in some countries have more children than women in other countries because they have a stronger preference for having children. Would an economist be likely to use different preferences to explain differences in behavior? Why or why not?

To determine

Explain whether the economist uses different preferences to explain different behaviors.

Explanation

The economists are most likely to explain the different behaviors of the individuals using the same preferences or different preferences to explain the same behavior rather than a different preference for different behaviors. If the economists use different preferences to explain different behaviors, the theory has to explain a lot, which leads to confusion. Since the aim of the economists is to analyze the cost-benefit and utility of the individuals, the effective result will arise when economists use the same preferences for different behaviors...

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