d) It has been argued that "direct cash transfers are better than direct subsidy". With the aid of an appropriate diagram, indicate why this argument may be justified.

Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter18: Pricing The Factors Of Production
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d) It has been argued that "direct cash transfers are better than direct subsidy". With the aid of
an appropriate diagram, indicate why this argument may be justified..
Transcribed Image Text:d) It has been argued that "direct cash transfers are better than direct subsidy". With the aid of an appropriate diagram, indicate why this argument may be justified..
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