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3(i) Traditionally, neoclassical economists favour cash grants over the public provision of goods in kind (education and health care) when: A There are positive externalities
3(i) Traditionally, neoclassical economists favour cash grants over the public provision of goods in kind (education and health care) when:
A There are positive externalities associated with the consumption of the particular good in question
B Consumer preferences are endogenous
C Welfare is maximised by facilitating people in satisfying their preferences
D Welfare is more than simply preference satisfaction.
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