Which of the Following Checks Issued by the Government Represents

question 75

Multiple Choice

Which of the following checks issued by the government represents a transfer payment?

• A) The federal government pays a defense contractor for development of a missile system.
• B) The federal government pays a retiree her Social Security benefits.
• C) The state of Oregon pays a construction firm for its work in repairing a state highway.
• D) The state of Illinois pays groundskeepers at the state capitol building their weekly wages.

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Definitions:

Information Technology

The use of computers, networking, and other physical devices and processes to create, process, store, secure, and exchange all forms of electronic data.

"The World is Flat"

A book by Thomas L. Friedman that discusses globalization and its impact on the world economy, proposing that technological advancements have leveled the competitive playing fields between industrial and emerging market countries.

Social Dumping

Practice where companies move production to countries with lower labor standards and wages, undermining workers' rights and conditions.

Domestic Producers

Companies that manufacture or produce goods and services within a country's borders.