Question

20 POINTS HELp Explain the difference between government subsidies and transfer payments. Give an example of a transfer payment.

Answer 1

Subsidies are government financial aid given to businesses meant to help lower their costs or stimulate the economy.Transfer payments are government payments in which the government takes money from one group and gives it to another. Medicare, Social Security, and various welfare programs are all examples of government transfer programs.

Step-by-step explanation:

Answer 2

Subsidies are government financial aid given to businesses meant to help lower their costs or stimulate the economy. Transfer payments are government payments in which the government takes money from one group and gives it to another. Medicare, Social Security, and various welfare programs are all examples of government transfer programs.

Step-by-step explanation:

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