Economics (AS & A Level) · Oct / Nov 2022 · Paper 12 · Question 17
9708Addressing income and wealth inequality
What is a transfer payment?
- Athe advertising expenditure of a firm
- Bthe allowance given by a parent to their child while at school
- Cthe rent paid to a land owner by a tenant farmer
- Dthe wage paid to a worker in the government service
As printed in the paper
Show the answer
Correct answer: B. the allowance given by a parent to their child while at school
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