Which of the Following Is an Example of an Explicit

question 26

Multiple Choice

Which of the following is an example of an explicit income transfer?

• A)The check received by a person currently employed by the postal service.
• B)A Social Security pension paid to a retired factory worker.
• C)A payment to a member of the U.S.Army who has recently been transferred to Germany.
• D)The paycheck received by a person who missed work last week because of vacation.

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Definitions:

Law Of Supply

A fundamental principle stating that, all else equal, an increase in price results in an increase in quantity supplied.

Upward Slope

A graphical representation in which a line or curve moves higher as it progresses from left to right, indicating an increase in the variable being measured.

Price Of Gasoline

The amount of money charged per unit volume of gasoline, affected by factors such as crude oil prices, taxes, supply, and demand.

Price Of Oil

The cost per barrel of crude oil as determined by global markets.