Social Security benefits, welfare payments, and farm support payments are examples of:
A. public interest payments.
B. investment spending.
C. consumption spending.
D. transfer payments.
Answer: D
You might also like to view...
Fill in the blank: According to the text a commercial society cannot develop successfully in the absence of ________
A) the rule of law B) low interest rates C) central economic planning D) massive government works projects E) perfect and complete information
Jane wins $100,000 in a lottery and immediately uses her winnings to open up a donuts shop. Her direct cost is $50,000 . and she puts the remaining money in a savings account earning 10 percent annual interest. Alternatively, Jane could have placed all her lottery winnings in the 10 percent savings account. Jane's total cost of opening up a donuts shop is:
a. $60,000. b. $50,000. c. $160,000. d. $45,000. e. $55,000.