Transfer payments are payments that are:
A. made in market transactions in order to get the seller to transfer the goods or services to the buyer.
B. made in order to obtain public goods or services.
C. payments made to households that can then be spent by the households.
D. made to firms in order to transfer goods and services to the government.
Answer: C
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Which of the following goods would be considered legally non-excludable?
Why do firms ignore external costs when they pollute?
What will be an ideal response?
Total profit
A. is the rectangle bounded by OLTF.
B. is the rectangle bounded by OKER.
C. is the rectangle bounded by LMGF.
D. None of the choices are correct.
In the mobile device industry, an example of a platform firm is
A. a developer of mobile device operation systems. B. a provider of wifi networks. C. a mobile apps developer. D. a retailer of mobile device accessories.