Asked by Lizeth DeLaTorre on May 07, 2024
Verified
Most economists contend that
A) noncash gifts are more efficient than cash gifts.
B) noncash gifts are less efficient than cash gifts.
C) noncash and cash gifts are equally efficient.
D) government can assess consumer preferences better than consumers can themselves.
Noncash Gifts
Items of value given as presents that are not in the form of currency or monetary instruments.
Consumer Preferences
The tastes, preferences, and priorities that influence the buying decisions of individuals or households.
- Investigate how external variables like pricing approaches and technology innovations affect consumer choices and demand levels.
Verified Answer
KP
Kómål Pr?ètMay 12, 2024
Final Answer :
B
Explanation :
Most economists argue that noncash gifts are less efficient than cash gifts because cash allows recipients to purchase exactly what they value most, thus maximizing their utility. Noncash gifts may not align perfectly with the recipient's preferences, potentially leading to a less efficient allocation of resources.
Learning Objectives
- Investigate how external variables like pricing approaches and technology innovations affect consumer choices and demand levels.
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