A transfer payment is
A) a bonus to get a worker to accept a transfer.
B) a cash payment made by the government to people who do not supply goods, services or labor in exchange for the payment.
C) a cash payment for transferring a good from one person to another.
D) an in kind payment for working "off the books."

Question

Quizplus · Accepted Answer

A transfer payment is a cash payment made by the government to people who do not supply goods, services or labor in exchange for the payment. It is a type of social welfare program aimed at redistributing income and providing assistance to certain groups of people, such as the elderly, disabled, or low-income families. It is not related to work incentives or in-kind payments.

A Transfer Payment Is