Which of the following are examples of transfer payments?

Assessment: WAEC SSCE - Economics - 2007 (Objective) Subject: Economics

Question 1 Report

Which of the following are examples of transfer payments?
Answer Details
Transfer payments refer to payments made without any corresponding goods or services in return. Therefore, the only option listed that fits the definition of a transfer payment is "gifts and donations." Rents and rates refer to payments made in exchange for the use of land or property. Profits and dividends refer to payments made to the owners of a company or investment. Internal and external debts refer to money owed by a borrower to a lender, with interest charged for the use of that money.
Read lesson note on Public Finance (JAMB)
View Answer

Related Questions

1

The reward which accrues to labour for participating in production is
2

a country where labour is not sufficient to make proper use of natural resources is said to have an
3

one characteristics of labour is that it is
4

The three principal economic unit in any system are
5

The Malthusian theory of population does not concern itself with
6

The satisfaction derived from the use of a commodity is its
7

What must be added to variable cost to give total cost?
8

When population is classified according to professions, it is called

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning