Households receive transfers from and firms receive transfers from.A) government; governmentB) firms; householdsC) government; government and householdsD) firms and government; governmentE) government; no one

Transfer payments are payments made to either the household, the firm or government from either the household, the firm or government without any exchange of goods or service in return. It is a one-way payment where the receiver gives nothing in return.

Government makes transfer payments to redistribute income and for other political and economic reasons.

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Households receive transfers from ________ and firms receive transfers from.________A) government; governmentB) firms; householdsC) government; government and householdsD) firms and government; governmentE) government; no one

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Households receive transfers from and firms receive transfers from.A) government; governmentB) firms; householdsC) government; government and householdsD) firms and government; governmentE) government; no one