12. Governments offer both cash assistance and in - kind benefits such as payments that must be...
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12. Governments offer both cash assistance and in -
kind benefits such as payments that must be spent on food or housing. Will recipients be indifferent between receiving cash versus in -kind benefits with the same monetary values? Use indifference curve analysis to show the circumstances in which individuals would be indifferent, and situations in which the form in which they received the benefit would make a difference to them.
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