The policy burden not only bring soft budget constraint to affect the principal′s utility function, but also cause the problem of asymmetric information that induces managers to seek gray income .

由于政策性负担不仅产生了软预算约束问题，影响委托人的效用函数，而且加深了信息不对称程度，导致经营者追求灰色收入。

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The income gap between citizens in different regions are the result of compound action of many constraint factors such as nature, society, policy, regulation, market and management.

不同地区居民收入差距扩大是自然、社会、政策、制度、市场及管理等多种约束因素综合作用的结果。

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Besides, the more constraint put on opportunities of factor marketing, the less the reservation price and the elasticity of supply was, therefore the share of factor income became less.

对居民要素交易机会的限制越大，要素保留价格越低，供给弹性越小，要素收入份额越小。

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Each individual reaches a decision--each individual has an income point and decides how much to consume based on the budget constraint.

在预算限制内,每个人都要决定将收入的多少,用于消费

耶鲁公开课 - 金融市场课程节选

That constraint would ensure that the national debt does not rise as a share of national income unless an extraordinary majority in Congress deems that it should.

FORBES: In Passing The Most Recent Budget, Congress And The President Lied