A transfer payment is a payment
A) made by the government to its current workers.
B) associated with items exported to other nations.
C) for in-kind services provided to the government.
D) for which no services or goods are rendered.
Answer: D
You might also like to view...
Fundamental analysis shows that stock in Widgets-R-Us has a present value that is lower than its price
a. This stock is overvalued; you should consider adding it to your portfolio. b. This stock is overvalued; you shouldn't consider adding it to your portfolio. c. This stock is undervalued; you should consider adding it to your portfolio. d. This stock is undervalued; you shouldn't consider adding it to your portfolio.
When the Sykes Corporation (an American company) buys shares of Audi stock (a German company) for its pension fund, U.S. net capital outflow
a. increases because an American company makes a portfolio investment in Germany. b. declines because an American company makes a portfolio investment in Germany. c. increases because an American company makes a direct investment in Germany. d. declines because an American company makes a direct investment in Germany.