Which of the following are transfer payments?

Question

KollegeApply · Accepted Answer

all of these Explanation: In economics, transfer payments are unilateral payments made without the exchange of commodities or services. These may be public (government) or private in nature. • Old-age pensions: A government transfer payment provided without any service in return. • Gifts from relatives: A private transfer payment, yet considered a transfer due to non-reciprocity. • Donations: Donations are private transfers given willingly without seeking anything in return.

AChoose Your Answer