Which of the following constitutes a transfer payment?
A)Income taxes
B)Corporate salaries
C)Fiscal spending
D)Dividend payments
E)Welfare benefits

Question

Quizplus · Accepted Answer

Welfare benefits are payments made by the government to individuals and families that do not represent any exchange of goods or services, which is the definition of transfer payments. Income taxes, corporate salaries, fiscal spending, and dividend payments do not fit this definition.

Which of the Following Constitutes a Transfer Payment