Why does the government provide benefits in-kind? Why don't we just give money to low-income people?
Benefits in-kind address the paternal aspects of government. The government's general policy is to provide food, shelter, health care, etc. to low-income people and not money, so people can purchase these items themselves. There is a suspicion that these individuals would not use the money to purchase items that they should value and instead would buy items they should value less.
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A federal system consists of one level of government to provide public goods and services.
A. True B. False C. Uncertain
________ in the foreign interest rate causes the demand for domestic assets to shift to the left and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate
When considering the price lags of the West behind the East, by the eve of the Civil War the lag was
a. roughly one year. b. six months. c. three months. d. virtually eliminated.
Consuming one more of a good increases its marginal-utility-to-price ratio, and consuming one less of the other good lowers its marginal-utility-to-price ratio
Indicate whether the statement is true or false