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

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 33P: The Czech Republic has 3 GDP of 1,800 billion koruny. The exchange rate is 25 koruny/U.S. dollar....
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A transfer payment is a payment made by

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