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Business
Economics
Other goods (a) Other (b) goods

Other goods (a) Other (b) goods

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter3: Your Role As A Consumer
Section: Chapter Questions
Problem 13AA
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Suppose the y-axis is other goods and the x-axis is education. Governments can offer both cash assistance and vouchers. The monetary values of these two are the same. We have two types of parent (a and b). Which statement is NOT correct? Select one: 
a. The parents represented in panel (a) of the graph would prefer cash.
 b. Parents whose preferences would lead them to purchase less education than voucher provides would prefer to receive cash.
 c. The parents represented in panel (a) of the graph are indifferent between cash and vouchers
 d. The parents represented in panel (b) would choose the same point in both cash and voucher assitance.

Other goods (a) Other (b) goods
Transcribed Image Text:Other goods (a) Other (b) goods
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