________ payments,which are one of the largest components of a government's budget,are payments by the government to individuals for which the government does not receive a new good or service in return.
A) Subsidy
B) Transfer
C) Support
D) Equilization

Question

Quizplus · Accepted Answer

Transfer payments are payments made by the government to individuals or groups for which the government does not receive a new good or service in return. Examples of transfer payments include social security, welfare, and unemployment benefits. These payments are often used to support individuals who are unable to support themselves due to circumstances such as age, disability, or unemployment. They are typically one of the largest components of a government's budget.

________ Payments,which Are One of the Largest Components of a Government's