The Food Stamp program provides
a. quality labels on food
b. cash transfers to the poor
c. cash transfers to the elderly
d. vouchers that can be redeemed for food
e. food deliveries to the elderly
D
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The incentive for people to avoid paying for a resource when the benefits they obtain from the resource are unaffected by whether they pay is known as ___________________.
a. the Coase Theorem. b. an upstream tax. c. the holdout effect. d. free market environmentalism. e. None of the above.
When inflation rises, people
a. make less frequent trips to the bank and firms make less frequent price changes. b. make less frequent trips to the bank while firms make more frequent price changes. c. make more frequent trips to the bank while firms make less frequent price changes. d. make more frequent trips to the bank and firms make more frequent price changes.