Correct Answer: Social security benefits

Solution : The correct answer is (c) Social security benefits

Transfer payments refer to payments made by the government to individuals, households, or other entities without the expectation of receiving goods or services in return.

Social security benefits are a type of transfer payment provided by the government to support individuals who are retired, disabled, or otherwise eligible for specific social security programs. These benefits are typically intended to provide income support and financial assistance to eligible individuals or households.

Transfer payments are a significant component of government budgets, and they often include other types of payments such as welfare benefits, unemployment compensation, pensions, and subsidies to individuals or businesses. These payments aim to redistribute income, provide social support, or address specific economic or social needs within society.