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    Exam 34: Transfer Payments: Welfare and Social Security
  5. Question
    The Existence of Transfer Programs Implies That
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The Existence of Transfer Programs Implies That

Question 62

Question 62

Multiple Choice

The existence of transfer programs implies that


A) Government failure has occurred.
B) Market failure has occurred.
C) Technical efficiency exists.
D) Allocative efficiency exists.

Correct Answer:

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