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Among the following who is of the opinion that 'Children are consumer durables' :

  • A.Liebenstein
  • B.Easterlin
  • C.Bectev
  • D.Caldwell

Answer: C

Children are viewed as consumer durables in the economic theory of fertility of Gary Becker, who treated a child as a durable good that gives satisfaction over time, so parents compare cost and benefit. The option 'Bectev' is the printed form of that name in the question.

Leibenstein wrote on the cost and utility of the child, Easterlin on the supply and demand framework, and Caldwell on wealth flows, so none of these three is the author of the view.

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