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  2. Given constant tastes, children must be considered as an inferior good. Discuss this argument and illustrate it using the micro-economic tools -budget constraint and indifference curve diagrams- highlighting the reason why ‘economic preferences for children’ may vary across countries.

Given constant tastes, children must be considered as an inferior good. Discuss this argument and illustrate it using the micro-economic tools -budget constraint and indifference curve diagrams- highlighting the reason why ‘economic preferences for children’ may vary across countries.

Posted by:Brian Posted on:Aug 28,2020
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Family size in developed countries has been decreasing in the last 50 years, while in the same period per capita income increased. Given constant
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