A payment that is made by the government for which no goods or services are given in return is known as
A) a public good.
B) a transfer payment.
C) a negative externality.
D) a free rider.

Question

Quizplus · Accepted Answer

A transfer payment is a payment made by the government to individuals or groups for which no goods or services are exchanged. Examples include social security benefits, welfare payments, and subsidies. These payments are designed to redistribute income and reduce poverty.

A Payment That Is Made by the Government for Which