Transfer payments are:
A) spending that transfers resources from the government to individuals.
B) payments that individuals make to the government.
C) the transfer of stock ownership in lieu of payment with cash or other liquid assets.
D) the transfer of cash for payments of a good or service.

Question

Quizplus · Accepted Answer

Transfer payments are any payment made by the government to individuals for which the government does not receive a good or service in return. Examples of transfer payments include Social Security benefits, unemployment benefits, and welfare payments. These payments are intended to provide assistance to individuals who may be unable to support themselves or their families.

Transfer Payments Are