Some Economists Contend That In-Kind Transfers Should Be Included in the Calculation

question 35

Multiple Choice

Some economists contend that in-kind transfers should be included in the calculation of an individual's income because

• A)in-kind items do not cost anything.
• B)simple money income is a complete measure of one's command over goods and services.
• C)in-kind items make a person "better off" than the person's actual money income would lead us to believe.
• D)in-kind items make a person "worse off" than the person's actual money income would lead us to believe.

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Definitions:

Organisation Goals

The aims or targets that an organization seeks to achieve, which guide its overall strategy and direction.

Manager's Behaviour

The actions, strategies, and practices employed by a manager in guiding, leading, and managing a team or an organization.

Service Level Agreements

Formal contracts between service providers and customers that outline the level of service expected, including timelines and quality benchmarks.

Transfer Price

Transfer Price is the price at which divisions of a company transact with each other, such as the trade of supplies or labor between departments.