Income transfers directly alter the mix of output and answer the question of WHAT is produced question.

Name: Income transfers directly alter the mix of output and answer the question of WHAT is produced question.
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Question

Quizplus · Accepted Answer

Income transfers do not directly alter the mix of output, but rather affect the distribution of income within the economy. The question of WHAT is produced is answered by decisions made by producers and consumers in the market.

Income Transfers Directly Alter the Mix of Output and Answer