An example of a transfer payment is
A)a teacher's paycheck.
B)a paycheck for a member of the National Guard.
C)a welfare payment.
D)a purchase of a new bridge in Alaska.

Question

Quizplus · Accepted Answer

A welfare payment is an example of a transfer payment because it involves the government directly transferring money to individuals or households in need, without any direct exchange of goods or services. This type of payment is intended to provide assistance and support to those who may not have sufficient income or resources to cover basic necessities such as food, housing, and healthcare. In contrast, a teacher's or National Guard member's paycheck represents payment received for work done or services rendered, while the purchase of a new bridge in Alaska involves a direct exchange of funds for a physical infrastructure asset.

An Example of a Transfer Payment Is