The government is considering two ways to help the needy: giving them cash, or giving them free

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The government is considering two ways to help the needy: giving them cash, or giving them free meals at soup kitchens. Provide an argument for giving cash. Present an argument, based on asymmetric information, for why the soup kitchen may be better than the cash handout.

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Economics

ISBN: 9781408093795

3rd Edition

Authors: Mark P. Taylor, N. Gregory Mankiw

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