Suppose That a Family Saves and Borrows to Buffer Itself

question 431

Multiple Choice

Suppose that a family saves and borrows to buffer itself against changes in income. These actions relate to which problem in measuring inequality?

• A)in-kind transfers
• B)negative income tax
• C)transitory versus permanent income
• D)economic mobility

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Definitions:

Communicative Element

A component or feature that facilitates communication, such as a symbol, sign, or medium.

Passing

The ability of an individual to be regarded as a member of an identity group or category different from their own, often used within the contexts of gender, race, or social status.

Disclosure

The action of making new or secret information known.

Professionalism

characterizes the conduct, aims, or qualities that define or mark a profession or professional person, often involving competence, ethical behavior, and adherence to standards.