In the United States, an example of a common in-kind transfer would be:
A. public housing.
B. Aid to Families with Dependent Children.
C. earned income tax credit.
D. All of these are in-kind transfers.
Answer: A
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All the following are assumptions of the classical model EXCEPT
A) pure competition exists. B) buyers and sellers react to nominal money prices rather than to relative prices. C) wages and prices are flexible. D) people are motivated by self-interest.
Which of the following companies was part of the original Dow Jones Industrial Average?
A. Chicago Gas Company B. National Lead Company C. General Motors Corp. D. AT&T Inc. E. a and b
Monopolies do not last in the long-run
Indicate whether the statement is true or false
Whether you are studying the money economy of the U.S., Pakistan, China, or the Federated States of Micronesia, the characteristics that money must have include
a. portability, durability, and flexibility b. durability, flexibility and readily acquired c. durability, portability, and heterogeneity (nonhomogeneous) d. portability, durability and relative scarcity e. portability, homogeneity, and flexibility