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Law and Economics of Family Law
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Which economic theory suggests that marriage is a contract between two individuals who agree to pool their resources and share the risks and benefits of their relationship?
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A
The Becker-Landes Hypothesis
💡 Explanation:
The Becker-Landes Hypothesis posits that marriage is a rational economic decision made by two individuals who expect to benefit from the pooling of their resources and the sharing of risks and benefits.