Transfer payments are payments that are:
A. made to firms in order to transfer goods and services to the government.
B. payments made to households that can then be spent by the households.
C. made in market transactions in order to get the seller to transfer the goods or services to the buyer.
D. made in order to obtain public goods or services.
B. payments made to households that can then be spent by the households.
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A firm's employment of labor outside the country in which the firm is located
A) is outsourcing. B) shifts the supply of labor in the original country. C) is the marginal revenue product. D) shifts the supply of labor in the other country.
Lawyer Ayres and economist Levitt considered the net benefits of installing a LoJack from the society's standpoint positive, because the annual installation and service charges on this equipment was:
a. more than the average loss per stolen car. b. higher than the auto theft insurance paid by car owners c. lower than the auto theft insurance paid by car owners. d. less than the average loss per year due to deterred theft.