In-Kind Transfers Include the Direct Transfer of

question 42

Multiple Choice

In-kind transfers include the direct transfer of

• A)Cash rather than goods.
• B)Cash rather than medical services.
• C)Goods and services rather than cash.
• D)Education rather than housing.

Analyze the impact of changing economic conditions or resources availability on market prices.

Understand the elasticity of supply and its variance over the short and long term.

Apply the concepts of elasticity to evaluate market responses to external shocks.

Understand the relationship between demand elasticity and total revenue for firms.