The set of all assets that are regularly used to directly purchase goods and services is called:

Activities that encourage faster growth are

A) high levels of consumption and low levels of savings. B) high levels of saving and investment in human capital. C) imposing trade barriers to limit international trade and thereby protect national industries. D) limiting property rights so that everyone can use any invention. E) taxes on saving that serve to encourage more spending and less saving.

Legislators are not likely to substitute money transfers to low-income people for in-kind benefits (e.g., food stamps, health care) because

A) low-income people generally do not know how to manage money effectively. B) low-income people prefer in-kind transfers. C) special interest groups benefit from the system of in-kind transfers. D) giving cash to the poor would necessitate a tax increase.