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:

Stand-By Passenger

A traveler waiting without a confirmed seat assignment, hoping to board a flight due to last-minute cancellations or no-shows.

Marginal Cost

The expenditure required to produce a further single unit of a product or service.

Corporate Job

Employment within a large company, often implying a job with benefits, structure, and a hierarchical organization.

Teaching

The act or profession of instructing students in a particular subject or skill, aimed at transferring knowledge or skills.