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

Short-run costs — practice question

Which one counts as a transfer payment?

  • Aan annual allowance paid by an individual to a grandchild
  • Ba one-off bonus paid to an employee for a special contribution to a firm’s profits
  • Ca payment made by a parent to a regular child-minder
  • Dthe monthly salary of an employee of a local authority

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