The preferred habitat theory of the term structure is closely related to the

Dell Computers decides to produce PCs and sell them directly over the Internet and via Best Buy. This is an example of

A) incentives. B) a microeconomic decision. C) a macroeconomic decision. D) scarcity.

Cash payments are generally preferable to in-kind payments when the utility of the transfer recipient is the only criterion because _____

a. it is cheaper to distribute in-kind benefits b. cash is necessary for utility maximization c. recipients know their utility functions better than anyone else d. of diminishing marginal utility