Question

Pell grants are money given to students attending college. pell grants are most closely similar to

a. property rights assigned to consumers of a good.

b. public provision of a good.

c. vouchers given to consumers of a good.

d. private subsidies given to producers of a good.

e. a subsidy given to the producer of a good.

Answer 1

It is mostly close and similar to letter c, vouchers given to consumers of a good. It is because in this way, they are able to give discounts to the consumer that are used in exhange of a good which are for free. It is similar in the statement given above as Pell gives money to students who are attending college which is for free in a way that is similar to giving vouchers to consumers for free. Both are free, benefits both parties and does not ask anything in return.