True/False
Wages are an example of a transfer payment because there is a transfer of payment from the firm to the worker.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q23: Changes in the GDP deflator reflect only
Q32: Explain why it is the case that
Q43: Assume net exports are €-220, consumption is
Q44: Using the outline below, draw a circular-flow
Q45: Marie grows vegetables in her garden to
Q48: The circular flow model is not used
Q48: Households play what role(s) in the circular
Q49: UK Gross Domestic Product (in contrast to
Q50: GDP may not be a reliable indicator
Q105: For an economy as a whole,<br>A)wages must