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A transfer payment is a payment made by a. firms, but not in exchange for capital equipment. b. foreigners, but not in exchange for a domestically produced good or service. c. consumers, but not in exchange for a tangible product. d. government, but not in exchange for a currently produced good or service.

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ayokenny2001

Transfer payment is a payment made by : Government, but not in exchange for a currently produced good or service.

What is transfer payment?

Transfer payment refers to a public expenditure, which is made purposely for unemployment compensation other than procuring goods or services.  It is money or other aid that is given by a government without any good or service in return.

Examples of transfer payments include:

  • Welfare
  • Financial aid
  • Social security
  • Government subsidies for certain businesses.

Hence, transfer payment is a payment made by government, but not in exchange for a currently produced good or service.

Learn more about transfer payment here: https://brainly.com/question/7176766

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