Question: For each question, select the best answer. Explain concisely why it is the best answer. Credit is given for the reasons, not just the correct

For each question, select the best answer. Explain concisely why it is the best answer. Credit is given for the reasons, not just the correct answer.

3. Prohibiting the affordable housing lottery winners from subletting their apartments . . . A. Essentially makes the policy an in-kind program like food stamps.

B. Always raises utility of lottery winners compared to a policy where they can sublet some or all of the time.

C. Insures that the economic inefficiency from an affordable housing policy is minimized. D. Insures that they are not able to use their good luck to exploit others' misfortune.

E. A and B.

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