Question from Past Microeconomics Qualifying ExamEdit
Fall 2000 - Section I, Question seven, George Mason University
True, False, Uncertain. Determine whether or not each of the following statements are true or false. Explain your reasoning briefly in a paragraph or two. (The explanation is often more important than the answer given). Include a carefully labeled diagram or game matrix if it helps to clarify your answer.
Married couples with small children, who pay baby-sitting services when they go out, are likely to consume more expensive entertainment than married couples without children.