Question
PLEASE ANSWER TRUE OR FALSE FOR QUESTIONS; NO EXPLANATION REQUIRED JUST T/F 1.The concepts of 'equity' and 'equality in the distribution of income' are always
PLEASE ANSWER TRUE OR FALSE FOR QUESTIONS; NO EXPLANATION REQUIRED JUST T/F
1.The concepts of 'equity' and 'equality in the distribution of income' are always synonymous under the Utilitarian approach to income redistribution.
2.If income redistribution to the poor results in benefits that are collectively enjoyed, then without government tax-financed assistance to the poor it will likely be undersupplied.
3.Publicly provided health care service is a privately-produced private good.
4.Public broadcasting is a pure public good.
5.If government wants to induce an individual to consume a specific level of some
good, it would be cheaper for government to use an in-kind subsidy rather than a cash subsidy.
6.If the poor's level of food consumption generates a positive externality, then a cash subsidy
to the poor would be a sensible way to correct the externality.
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