Which of the Following Is Not an Example of a Transfer

question 202

Multiple Choice

Which of the following is not an example of a transfer payment?

• A)unemployment insurance payments
• B)health insurance payments to an army private
• C)social security payments to retirees
• D)social security payments to disabled persons

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Definitions:

Demand

The consumer's desire and willingness to pay for a good or service, influenced by price, income, tastes, and expectations.

Demand

The volume of goods or services that shoppers are prepared and financially able to buy at several price points within a particular period.

Midpoint Method

A technique used in economics to calculate the elasticity of demand or supply, using the average of the initial and final quantities and prices to determine the percentage change.

Inelastic

Refers to a scenario in which the demand or supply for a product or service is relatively insensitive to price fluctuations.