Chapter 20, Problem 2MCQ

To determine

The correct option which states a government transfer program

Answer to Problem 2MCQ

From the available options, the correct option is all of the above.

Explanation of Solution

As government transfer programs are developed by the government for the welfare of society such as workers, students, etc. Government pays to individuals for their benefit such as for their social security, unemployment insurance, medical care, food stamps, etc.

Therefore, the correct option is e (all of the above) as all options are correct because all programs deliver some kind of benefit to the society such as medical care provide health facilities, food stamps deliver food, unemployment insurance provide assistance to people who are unemployed and social security improves their way of living.

Economics Concept Introduction

Introduction: The government transfer program refers to the social program through which government pays to individuals such as social security benefits and unemployment insurance benefits.