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.

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.