A transfer payment is a sum of money
a. spent by government for new goods and services.
b. shifted between members of a household.
c. given by government without a good or service in exchange.
d. moved between companies for goods and services.
e. required to pay taxes.
c
Economics
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A) classical growth theory B) neoclassical growth theory C) new growth theory D) None of the above answers is correct.
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A car dealer sells you a car today in exchange for money in the future. This illustrates which function of money?
A) standard of deferred payment B) unit of account C) medium of exchange D) store of value
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