Consider a concept that has come up in many chapters - a universal basic income, also sometimes called a negative income tax, hereafter referred to as UBI.

1. Explain what it is.
2. Is a UBI categorical or broad-based? Are the transfers cash or in-kind?
3. Argue one point in favor of broad-based transfer programs, and one point in favor of categorical programs.
4. Argue one point in favor of cash transfers and one point in favor of in-kind transfers.

Consider a concept that has come up in many chapters - a universal basic income, also sometimes called a negative income tax, hereafter referred to as UBI. a. Explain what it is. b. Is a UBI categorical or broad-based? Are the transfers cash or in-kind? c. Argue one point in favor of broad-based transfer programs, and one point in favor of categorical programs. d. Argue one point in favor of eash transfers and one point in favor of in-kind transfers