The Existence of Transfer Programs Implies That

question 62

Multiple Choice

The existence of transfer programs implies that

• A)Government failure has occurred.
• B)Market failure has occurred.
• C)Technical efficiency exists.
• D)Allocative efficiency exists.

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Definitions:

Retirement

The act of leaving one's job or career and ceasing to work, typically due to age or health reasons, often accompanied by receipt of a pension or retirement savings.

Income

The amount of money received, usually from work, investments, or business, over a period.

Retirement

The period of one's life after leaving one's job and ceasing to work, typically due to age or health reasons, often supported by savings or pension.

Income

The financial return or compensation received by an individual or household from various sources like labour, investments, or business ventures.