Some say in-kind transfers are inefficient because:
A. some of them get traded in a secondary market, implying inefficient distribution.
B. everyone always prefers cash to goods and services.
C. it's not what most people want.
D. cash transfers allow utility-maximizing individuals to make the best decisions about items they need.
Answer: D
You might also like to view...
________ natural resources are natural resources that can be used repeatedly, and ________ natural resources are natural resources that can be used only once
A) Nonrenewable; renewable B) Renewable; hydrocarbon C) Renewable; nonrenewable D) Non-fossil; fossil
Which of the following is an example of using physical capital to save time and money?
(A) Hiring more workers to do a job. (B) Lowering workers' wages to increase profits. (C) Building extra space in a factory to improve production. (D) Switching from oil to coal to make production cheaper.