A Disadvantage of Using a Credit Card Is That

question 4

Multiple Choice

A disadvantage of using a credit card is that:

• A) it is riskier than carrying cash because losing the card can cause the credit card issuer to file a case against the cardholder.
• B) it makes it difficult for the credit card users to track their expenditures.
• C) it makes it hard for some people to maintain financial discipline.
• D) many retailers do not offer warranty for products purchased using credit cards.

Understand the effects of research and development on the quality and quantity of labor and capital goods.

Identify the principles and criticisms of industrial policy and its impact on domestic and foreign economies.

Acknowledge the advantages of industrial clustering for economies and businesses.

Differentiate between public and private sector contributions to productivity through research and development.

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Definitions:

Equilibrium

A state in a chemical reaction where the rates of the forward and reverse reactions are equal, leading to no overall change in the concentration of reactants and products.

Catalyst

A substance that increases the rate of a chemical reaction without being consumed or permanently altered in the process.

Equilibrium Constant

A numerical value that expresses the ratio of concentrations of products to reactants at equilibrium for a reversible chemical reaction at a constant temperature.

Reactants

Substances initially present in a chemical reaction that are consumed during the reaction to make products.