Which of the Following Is a Justification for Transfer Payments

question 9

Multiple Choice

Which of the following is a justification for transfer payments?

• A) transfers can create a more ethically acceptable income distribution
• B) income redistribution provides insurance against misfortune
• C) poverty creates negative externalities such as crime and disease
• D) myopic individuals make time-inconsistent saving decisions
• E) all of the above

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Definitions:

Respiratory System

The body system consisting of organs and structures responsible for the intake of oxygen and the expulsion of carbon dioxide.

Lungs

Respiratory organs in the chest that intake oxygen and expel carbon dioxide as part of the breathing process.

Respiration

The process by which living organisms exchange oxygen and carbon dioxide, crucial for energy production and metabolic functions.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration, absorbed by plants in photosynthesis.