Some say in-kind transfers are inefficient because:
A. cash transfers allow utility-maximizing individuals to make the best decisions about items they need.
B. some of them get traded in a secondary market, implying inefficient distribution.
C. it's not what most people want.
D. everyone always prefers cash to goods and services.
A. cash transfers allow utility-maximizing individuals to make the best decisions about items they need.
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How is average total cost calculated? If the total cost of producing 190 units of output is $355, what is the average total cost?
What will be an ideal response?
Refer to Table 2-16. What is Finland's opportunity cost of producing one cell phone?
A) 0.25 board feet of lumber B) 4 board feet of lumber C) 12 board feet of lumber D) 16 board feet of lumber
Today U.S. protectionism is concentrated in
A) high-tech industries. B) labor-intensive industries. C) industries in which Japan has a comparative advantage. D) computer intensive industries. E) capital-intensive industries.
A constant-cost industry is one that can expand and contract without effecting per unit production costs
a. True b. False