A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?
Correct answer: D. Subsidy
- A. None
- B. Tax
- C. lump-sum-tax
- D. Subsidy
Explanation
A subsidy is a financial payment, usually from the government, given to a firm or household without receiving a directly equivalent good or service. A tax is compulsory revenue collected by the government rather than a payment made to support the recipient.
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