190k views
0 votes
Public education and food stamps are two types of public policy goods that are considered to be an _________ transfer payment in which taxes are redistributed from one income group within the economy to provide a specific good or service to a second group.

1 Answer

7 votes

Answer:

In-kind.

Step-by-step explanation:

Public education and food stamps are two types of public policy goods that are considered to be an in-kind transfer payment in which taxes are redistributed from one income group within the economy to provide a specific good or service to a second group.

An in-kind donation can be defined as a type of contribution in which finished goods and services are given directly to the beneficiaries rather than giving the money (cash) to buy these goods and services.

Hence, it is a non-cash contribution or donation.

Also, an in-kind transfer payment can be defined as the process or act of providing goods and services (redistribution of income and wealth) to various household by non-governmental organizations or governmental agencies. An in-kind transfer payment includes reimbursement, social security benefits, public education, food stamps etc.

User Khodor
by
8.0k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.