Correct Answer: A pension paid to a retiree

Solution : The correct answer is c) A pension paid to a retiree.

A transfer payment refers to a payment made by the government or an organization to an individual or entity without any corresponding production of goods or services. It is typically a redistribution of income or wealth to support individuals or groups in specific circumstances. The payment is not made in exchange for a good or service.

A pension paid to a retiree is an example of a transfer payment. It is a regular payment made to support individuals who have retired from employment.