Which of the following is an advantage of an in-kind transfer in comparison to a cash payment?
a. In-kind transfers cost less to administer than cash transfers.
b. In-kind transfers restrict the use of the benefit; thus, recipients receive necessities such as food and health care.
c. In-kind transfers are more efficient than cash transfers.
d. In-kind transfers give the recipient more utility than cash transfers.
b
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Someone who values a lottery at its expected value is
a. A risk lover b. Risk neutral c. Risk averse d. most likely to play a lottery
Differences in interest rates for different type of loans are due to:
A. the amount of the loan. B. the length of time the borrower has to repay the loan. C. government policy. D. exchange rate
An increase in the confidence that car-buying consumers have in their future income will
A. decrease the demand for borrowable money. B. increase the supply of borrowable money. C. decrease the supply of borrowable money. D. increase the demand for borrowable money.
Efficiency factor:
What will be an ideal response?