Podcast
Questions and Answers
In the context of social justice, what must in-kind transfers be accompanied by?
In the context of social justice, what must in-kind transfers be accompanied by?
- Strong efficiency justifications (correct)
- Unrestricted individual autonomy
- High tax rates
- Administrative complexity
Which factor should be considered when deciding to use in-kind transfers for distributional purposes?
Which factor should be considered when deciding to use in-kind transfers for distributional purposes?
- Individual autonomy (correct)
- Tax evasion rates
- Administrative convenience
- Government size
When is the use of in-kind transfers potentially justified according to the text?
When is the use of in-kind transfers potentially justified according to the text?
- For political bargaining
- To reduce government spending
- Only for economic growth
- To address horizontal inequity (correct)
What should be evaluated when deciding to use in-kind transfers based on the text?
What should be evaluated when deciding to use in-kind transfers based on the text?
Why should the use of in-kind transfers for distributional purposes be carefully assessed?
Why should the use of in-kind transfers for distributional purposes be carefully assessed?
What is one of the main functions of the welfare state described in the text?
What is one of the main functions of the welfare state described in the text?
Which of the following best describes the 'Piggy Bank function' of the welfare state as mentioned in the text?
Which of the following best describes the 'Piggy Bank function' of the welfare state as mentioned in the text?
Why does the text mention that we would still need a welfare state even if poverty were eliminated?
Why does the text mention that we would still need a welfare state even if poverty were eliminated?
What distinguishes contributory benefits from non-contributory benefits in the context of the welfare state?
What distinguishes contributory benefits from non-contributory benefits in the context of the welfare state?
How do benefits in kind differ from cash benefits within the welfare state described in the text?
How do benefits in kind differ from cash benefits within the welfare state described in the text?
According to economic theory, why does the welfare state have a role in social policy regarding equity and efficiency?
According to economic theory, why does the welfare state have a role in social policy regarding equity and efficiency?
What aspect should a welfare system address to reduce inequality?
What aspect should a welfare system address to reduce inequality?
What role does the welfare state play in addressing market failures?
What role does the welfare state play in addressing market failures?
In a Beveridgean system, how is health care funded?
In a Beveridgean system, how is health care funded?
Which statistical measure is used to assess the effectiveness of a welfare system?
Which statistical measure is used to assess the effectiveness of a welfare system?
What principle should a welfare system abide by to ensure easy understanding?
What principle should a welfare system abide by to ensure easy understanding?
What objective does the Bismarckian system aim to achieve through contributions from employees and employers?
What objective does the Bismarckian system aim to achieve through contributions from employees and employers?
What is a major argument in favor of providing Benefit-In-Kind (BIK) over income transfers according to the text?
What is a major argument in favor of providing Benefit-In-Kind (BIK) over income transfers according to the text?
What is a common argument against Benefit-In-Kind (BIK) as mentioned in the text?
What is a common argument against Benefit-In-Kind (BIK) as mentioned in the text?
Which term refers to the phenomenon where means-tested benefits can create welfare dependency as discussed in the text?
Which term refers to the phenomenon where means-tested benefits can create welfare dependency as discussed in the text?
Why is achieving social justice considered one of the objectives of policy, as per the text?
Why is achieving social justice considered one of the objectives of policy, as per the text?
What should the choice of method depend on after agreeing on the objective of policy?
What should the choice of method depend on after agreeing on the objective of policy?
What is a potential issue associated with frequent changes in government according to the text?
What is a potential issue associated with frequent changes in government according to the text?
What conditions must hold in a first-best economy, according to the text?
What conditions must hold in a first-best economy, according to the text?
Which theorem shows that under certain conditions a competitive market can lead to a Pareto efficient allocation of resources?
Which theorem shows that under certain conditions a competitive market can lead to a Pareto efficient allocation of resources?
What behavior takes advantage of asymmetric information before a transaction, according to the text?
What behavior takes advantage of asymmetric information before a transaction, according to the text?
Which concept involves impure public goods and merit goods?
Which concept involves impure public goods and merit goods?
In the context of market failure, what type of intervention may be justified on efficiency grounds?
In the context of market failure, what type of intervention may be justified on efficiency grounds?
What situation does asymmetric information refer to?
What situation does asymmetric information refer to?
'Bounded rationality' and 'bounded will-power' are concepts associated with which area of economics?
'Bounded rationality' and 'bounded will-power' are concepts associated with which area of economics?
'Pigouvian taxes/subsidies' are most closely related to which aspect of finance in the text?
'Pigouvian taxes/subsidies' are most closely related to which aspect of finance in the text?
'Regulation' as a form of state intervention is particularly important when:
'Regulation' as a form of state intervention is particularly important when:
'Cash benefits (Consumption Smoothing/Insurance)' are associated with which type of welfare state provision?
'Cash benefits (Consumption Smoothing/Insurance)' are associated with which type of welfare state provision?
