Transfer Payments in Economics?

Answer Economics seeks to study the ways that people use scarce resources, and ideally to find those methods that are most efficient. In modern economics, for a study to be taken seriously it must be quan... Read More »

Top Q&A For: Transfer Payments in Economics

The Definition of "Transfer Payments" in Economics?

Transfer payments can be made by businesses or by the government at the federal, state, and local levels. These payments are given to individuals without the expectation of receiving a service or p... Read More »

Do transfer payments include mortgages?

Mortgages are not transfer payments. Transfer payments are issued to American citizens by the federal government through social benefit programs. These social programs include Social Security, welf... Read More »

If you were moving into the city for a few years and do not need a car which you are still making payments on - can you drop the insurance policy and continue to make payments on the car?

Answer Typically, (depending upon your state) if you wish for a vehicle to NOT be insured any longer, you would need to turn in the license plate before being able to discontinue the insurance. B... Read More »

If your friend takes over your payments while the car remains in your name can he get full coverage insurance and list the lien holder you make payments to?

Answer Your name must be on the Title or Loan in order to get car insurance under your name. Otherwise this is considered Insurance Fraud. It is punishable by the law.