Assume that increasing the utility of the transfer recipient is the only criterion cared about. When comparing a cash transfer payment to an in-kind payment of an equal value it is clear that _____
a. the recipient is always better off with a cash transfer
b. the recipient is never worse off with a cash transfer
c. the two are identical
d. the recipient would prefer an in-kind payment if legally possible
b
Economics
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During the pre-Revolutionary period American colonists used their market power to rebel by:
a. organizing nonimportation associations in response to taxes. b. organizing powerful labor unions. c. creating large manufacturing firms that competed with English manufacturers. d. forming farming cartels that increased the prices of American agricultural exports. e. All of the above.
Economics
Briefly describe the different conditions which affect the value of a real option
Economics