Economics 9708 · AS & A Level · Short-run costs

Short-run costs — practice question

What does the term transfer payment mean?

  • Athe payment made by a company to its shareholders out of its profits
  • Bthe payment made for a legal document to transfer ownership of a house
  • Cthe payment made to a retired person in the form of a pension
  • Dthe payment made to a professional sports team for the transfer of a player

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