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:

Overtime Pay

Additional compensation awarded to eligible employees for hours worked beyond the standard workweek, as defined by labor laws.

Pay Structure

An organized system of compensating employees that defines the different levels of pay for jobs or groups of jobs within an organization.

Economic Forces

Factors that affect the behavior of consumers, businesses, and governments in the economy, such as inflation, employment rates, and GDP growth.

Product Markets

The venues or mediums where goods and services are bought and sold.