Which of the following is a transfer payment? I. Social Security
II) Unemployment benefits
A) I only
B) II only
C) Both I and II
D) Neither I nor II

Question

Quizplus · Accepted Answer

Both Social Security and unemployment benefits are transfer payments because the government transfers money from taxpayers to individuals who are eligible for the respective programs without expecting any goods or services in return.

Which of the Following Is a Transfer Payment? I