Spending on programs that result in transfer payments that depend on the economic state of individuals and businesses is called
A) transfer spending.
B) welfare.
C) needs-tested spending.
D) business subsidies.

Question

Quizplus · Accepted Answer

Needs-tested spending refers to government spending on programs where the benefits are distributed based on the recipient's income or assets, essentially depending on the economic state of the individuals or businesses involved.

Spending on Programs That Result in Transfer Payments That Depend