What are in-kind transfers, and why are they more target-efficient than cash transfers?
What will be an ideal response?
In-kind transfers are direct transfers of goods and services rather than cash. They are more target-efficient than cash transfers because recipients can use equivalent cash transfers for purposes other than what the transfer program was designed to address.
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Economic rent is the amount of money above and beyond that necessary to keep the factor of production employed where it is.
Answer the following statement true (T) or false (F)
Refer to Figure 2-4. Consider the following movements:
a. from point V to point W b. from point W to point Y c. from point Y to point Z Which of the movements listed above represents advancements in technology with respect to both plastic production and food production? A) b and c only B) a, b, and c C) c only D) b only
All of the following actions are potential rule -of-reason violations except which one?
A) an agreement with a competitor firm to adjust output levels B) an exclusive dealings contract with a customer C) an agreement with a customer about the resale price the customer will charge for the product D) a tying sale with a customer
Given whatever income they have, consumers make consumption choices to maximize the
a. total utility of the goods they consume b. marginal utility of the goods they consume c. average utility of each good they consume d. number of goods they buy e. prices of goods they buy