SNAP (food stamps) and Medicaid are examples of:
A. money transfers
B. resource earnings
C. in-kind transfers
D. tax expenditures
Answer: C
Economics
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Some advocates of antipoverty programs claim that fighting poverty is a public good. Describe why government intervention may be necessary to reduce poverty
Economics
The income elasticity of demand for education is 3.5. Thus, a 4% increase in income will
A. decrease the quantity of education demanded by 3.5%. B. increase the quantity of education demanded by 14%. C. increase the quantity of education demanded by 4%. D. decrease the quantity of education demanded by 14%.
Economics