State whether you agree with the following statement and why: "It doesn't make sense to give poor people cash since they'll spend it on cigarettes and lottery tickets instead of needed items."
What will be an ideal response?
is difficult to predict what any individual will do without knowing his or her preferences. Cash
for some will allow them to reach higher levels of utility, while for others, in-kind transfers may
be more effective. Generalized statements are too broad.
You might also like to view...
Refer to Figure 2-2. If Mendonca chooses to produce 160 pounds of vegetables, how much meat can it produce to maximize production?
A) 0 pounds of meat B) 30 pounds of meat C) 60 pounds of meat D) 120 pounds of meat
If employees and employers always accurately predict inflation, what is the shape of the Phillips curve?
A. The Phillips curve is horizontal in the short and long run. B. The Phillips curve is vertical in the short and long run. C. The Phillips curve is vertical in the short run and upward sloping in the long run. D. The Phillips curve is downward sloping in the short run and vertical in the long run.
A rising standard of living will:
A. necessarily reduce the population by reducing the birthrate. B. increase the birthrate. C. reduce the birthrate, but population may continue to grow if the death rate falls more quickly. D. reduce the birthrate initially but will increase the birthrate significantly at higher levels of income as people can afford to have more children.
Communist theory calls for each of the following except
A. the abolition of private property. B. from each according to his ability, to each according to his needs. C. the free operation of the forces of demand and supply. D. the means of production owned by the government and/or by the workers.