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.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!