If an individual receives in-kind transfers from the government in the form of food stamps, public housing, and so on, his money income is
A) less than his total income.
B) greater than his total income.
C) the same as his total income.
D) equal to his in-kind income plus his wages.
A
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According to the above table, if the minimum wage is set at $20 per hour, then
A) the quantity of labor demanded will increase until it is equal to the quantity of labor supplied. B) there is an excess demand for labor. C) the labor demand curve will shift until $20 is the new equilibrium real wage rate. D) the quantity of labor supplied exceeds the quantity of labor demanded by 50 million hours per month. E) the labor supply curve will shift until $20 is the new equilibrium real wage rate.
Governments promote long-run inflation when they depend on ________ to finance their expenditures
A) issuing bonds B) taxation C) raising the national debt D) money creation E) selling off assets