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Indicate whether each of the following questions is true or false. A single person with a Costco membership and a storage room has no economic
Indicate whether each of the following questions is true or false. A single person with a Costco membership and a storage room has no economic incentive to get married since they can enjoy the same volume discounts as a married couple. False, marriage also confers benefits from sharing public goods, lower average costs, and higher output from division of labor, among others. In the majority of U.S. married couples, both men and women are in the labor force, proving that there are no gains from division of labor and comparative advantage in marriage. False, married couples could still gain from comparative advantage even if neither party is fully specializing in producing household goods
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