All of the following are examples of transfer payments except
A) welfare benefits to the poor.
B) dividend payments to the wealthy.
C) Social Security payments to the elderly.
D) unemployment compensation to the unemployed.
Ans: B) dividend payments to the wealthy.
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Which of the following statement(s) is true?
(a) All state legislatures acted to create corporations. (b) The federal government created the federal incorporated entities when it established the First (1791–1811) and Second (1816–1836) Banks of the United States. (c) All federal, state and local governments possessed the right to create corporations. (d) All of the above are true.
Given the current structure of health-care finance, which of the following is most likely to occur when the baby boom generation begins to retire and the elderly population increases rapidly during the years following 2010?
a. The demand for health-care services will decrease. b. The prices of health-care services will grow less rapidly than has been the case during the last three decades. c. The real (adjusted for inflation) expenditures on Medicare and the taxes to finance the program will tend to decline. d. The health-care inflation and spending growth of recent decades will continue or even accelerate.