A transfer payment is a payment
A. for which no services or goods are rendered.
B. made by the government to its current workers.
C. for in-kind services provided to the government.
D. associated with items exported to other nations.
Answer: A
Economics
You might also like to view...
Which of the following is not a characteristic of a competitive market?
A. A large number of buyers and sellers. B. Firms can enter and exit the market freely. C. Firms sell differentiated products. D. All market participants have full information about cost and prices.
Economics
Complete the following table
Energy Drinks Consumed per Week Price (P) Total Revenue (TR) Average Revenue (AR) Marginal Revenue (MR) 0 $6.00 1 5.50 2 5.00 3 4.50 4 4.00 5 3.50 6 3.00 7 2.50 8 2.00
Economics