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Non-cash gifts: O a. entail as much utility as do cash gifts. O b. reduce recipient utility relative to a cash gift because non-cash
Non-cash gifts: O a. entail as much utility as do cash gifts. O b. reduce recipient utility relative to a cash gift because non-cash gifts often fail to match recipient preferences. O c. increase the utility of recipients by introducing them to products they have not consumed before. O d. increase the utility of recipients because many people are uncertain of their own preferences.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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