Question

Which of the following is a transfer payment?

a. Rent of the factory building
b. Interests on borrowings by firms
c. Expenditure on medical care of employees
d. Scholarship to poor students.​

Answer 1

Question:

$→Which \: of \: the \: following \: is \\ \: a \: transfer \: payment?$

Choices:

a. Rent of the factory building

b. Interests on borrowings by firms

c. Expenditure on medical care of employees

d. Scholarship to poor students.

Answer:

• $c. \: Expenditure \: on \: medical \: \\ care \: of \: employees$

Explanation:

$→$Examples of transfer payments include welfare, financial aid, social security, and government subsidies for certain businesses.

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