Assuming that increasing the utility of the transfer recipient is the only relevant criterion then an in-kind transfer would _____
a. never give more utility than an equal cash payment
b. never give less utility than an equal cash payment
c. always give the same utility as an equal cash payment
d. always give less utility than an equal cash payment
a
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During the year a country's income was $6.0 trillion and its consumption was $5.5 trillion. At the start of the year its wealth was $30.0 trillion. The country's wealth at the end of the year was
A) $36.0 trillion. B) $35.5 trillion. C) $30.0 trillion. D) $6.0 trillion. E) $30.5 trillion.
Indifference curves that are thick violate
A) the assumption of transitivity. B) the assumption that more is better. C) the assumption of completeness. D) none of the assumptions.
Identify the four types of government spending that the Obama administration’s 2009 fiscal policy focused on, and briefly explain the reason for each one.
What will be an ideal response?
Why is the right of private property an essential characteristic of a market system?
Please provide the best answer for the statement.