Public education is an in-kind benefit.
Answer the following statement true (T) or false (F)
True
An in-kind benefit represents nonincome transfers that benefit the recipients.
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The farther the Lorenz curve from the line of perfect equality, the lower is the income inequality
a. True b. False Indicate whether the statement is true or false
Which of following is an example of fiat money?
a. US dollars b. Gold c. Diamonds d. Silver e. Fur
If a demand curve for a good were completely vertical, it would be considered
a. perfectly elastic. b. perfectly inelastic. c. of unitary elasticity. d. relatively inelastic.
In order for a market to reach equilibrium, producers must have enough information to make informed decisions about purchasing the product.
Answer the following statement true (T) or false (F)