Spending on Programs That Result in Transfer Payments That Depend

question 211

Multiple Choice

Spending on programs that result in transfer payments that depend on the economic state of individuals and businesses is called

• A) transfer spending.
• B) welfare.
• C) needs-tested spending.
• D) business subsidies.

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Definitions:

Measure Values

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Materialism

A value system that places a high importance on the acquisition and possession of material goods and wealth as a measure of success or happiness.

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