Scenario 4-1 In a Given Year, Country a Exported $12 Million Worth

question 3

Multiple Choice

Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
-Which of the following statements about transfer payments is true?

• A)Transfer payments are not included in total government expenditures.
• B)Transfer payments involve the international remittance of funds.
• C)Transfer payments refer to the transfer of money by the commercial banks to the people.
• D)Transfer payments are made by the government to taxpayers.
• E)Transfer payments are made when governments purchase goods and services.

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Definitions:

Molten Rock

Rock that has been heated to a liquid state due to extreme temperatures, found beneath the Earth's surface or expelled during volcanic eruptions.

Geothermal Energy

Renewable energy derived from the natural heat of the earth's interior.

Air Pollutant

Any substance in air that could, in high enough concentration, harm humans, other living organisms, or the natural environment.

Hydrogen Gas

A colorless, odorless, highly flammable gas, H2, the most abundant element in the universe, used in various industrial processes.