Which of the following is not an in-kind subsidy?
a. SNAP (food stamps).
b. Low-cost rental housing.
c. Medicare.
d. Medicaid.
e. Unemployment compensation.
e
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Regarding fixed costs of entry
A) both incumbents and potential entrants are affected by them. B) potential entrants are affected by them while incumbents are not. C) neither incumbents nor potential entrants consider them. D) incumbent's decisions are affected by them, while the potential entrant ignores them.
General equilibrium analysis is different from partial equilibrium analysis in that general equilibrium analysis
A) explicitly takes feedback effects into account and partial equilibrium analysis does not. B) does not take into consideration specific problems, but partial equilibrium analysis does. C) takes into consideration specific problems, but partial equilibrium analysis does not. D) allows one to arrive at a specific conclusion, but partial equilibrium analysis does not.