A Transfer Payment Is One That

question 102

Multiple Choice

A transfer payment is one that

• A)requires some form of work in exchange for government assistance.
• B)provides money from the government's general treasury to those in specific need.
• C)is paid in lieu of cash.
• D)is not based on need.
• E)provides tax credits from the government's general treasury to individuals.

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Definitions:

Tyranny Of The Majority

A situation in a democracy where the majority's interests or decisions override and suppress the rights or interests of the minority.

Laissez-Faire Capitalism

Laissez-faire capitalism is an economic system where the government's intervention in business affairs is minimal, promoting a free-market environment where businesses operate with little to no regulation.

Economic Liberty

The freedom for individuals and businesses to operate and compete in a market with minimal government interference.

Economic Equality

A state within a society where individuals have equal access to wealth, opportunities, and resources, minimizing disparities.