Economists often assert that a person who receives an in-kind transfer payment (from government) has a higher income as a result. But an in-kind transfer is not money income, so what are economists thinking?
A) They are thinking that an additional in-kind benefit, like more money income, makes a person better off and thus they are equating being better off (in the sense of having more goods and services) with a higher income.
B) They are thinking that persons who receive in-kind benefits end up selling them, receiving money in exchange.
C) They are thinking that the individuals who receive the in-kind benefits equate more in-kind benefits with more money income.
D) They are thinking that individuals who receive in-kind benefits would prefer to receive them over receiving additional money income, so that in-kind benefits are worth at least their monetary value.
Correct Answer:
Verified
Q68: When the actual Lorenz curve is as
Q73: In order to make the income distribution
Q75: A winner-take-all market
A)is one in which the
Q75: The Lorenz curve is a graph of
Q76: If the Gini coefficient is one (1),
Q78: The Gini coefficients for countries A and
Q79: Suppose the data show that each year
Q80: Suppose 60 percent of all households earn
Q82: Exhibit 28-2 Q93: In the United States, there are _![]()
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents