Examples of transfers-in-kind include
A) tax rebates on both the federal and state levels.
B) taxes on alcohol and tobacco.
C) food stamps.
D) foreign aid.
Answer: C
Economics
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How does the real interest affect households' decisions about saving?
What will be an ideal response?
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Economic efficiency necessarily occurs when the firm
A) produces a given output at least cost. B) produces a given output by using the least inputs. C) earns a normal profit. D) earns an economic profit.
Economics