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deodeo deodeo
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6 months ago

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?



▸

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.



▸

They are thinking that persons who receive in-kind benefits end up selling them, receiving money in exchange.



▸

They are thinking that the individuals who receive the in-kind benefits equate more in-kind benefits with more money income.



▸

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.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
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keeton1989keeton1989
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6 months ago
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deodeo Author
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This helped my grade so much Perfect
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Just got PERFECT on my quiz
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