Which of the Following Is a Reason That Consumption Depends

question 7

Multiple Choice

Which of the following is a reason that consumption depends on current income,and not just on total wealth?

• A)Banks will not always lend money to those who want to consume more than their income.
• B)The anticipation of future financial distress makes some people reluctant to borrow.
• C)Low income people may prefer to postpone some consumption until later years, when their incomes are higher.
• D)all of the above
• E) none of the above

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Definitions:

Social Networking

The use of dedicated websites and applications to interact with other users, or to find people with similar interests to oneself.

Type A Pattern

A behavioral pattern characterized by high competitiveness, self-imposed stress, impatience, and aggression.

Time Urgency

A feeling or perception that there is not enough time to complete tasks, often associated with stress and anxiety.

Easily Aroused Hostility

A tendency to become easily angered or hostile, often with little provocation.