During a Recession,spending on ________ Tends to Fall More Dramatically

question 230

Multiple Choice

During a recession,spending on ________ tends to fall more dramatically than spending on ________.

• A)necessities; luxuries
• B)durable goods; nondurable goods
• C)nondurable goods; durable goods
• D)food; cars

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Definitions:

Continuing-Care Community

A type of retirement community that offers different levels of care (independent living, assisted living, nursing care) within the same facility or campus.

Lifelong Needs Establishment

The process of identifying and meeting the diverse and changing needs of individuals throughout their entire lives.

Medical Care

The services provided by professionals to diagnose, treat, and prevent illness and maintain physical and mental well-being.

Live in Poverty

The state of experiencing a lack of financial resources below a certain income threshold, affecting an individual's or family's ability to meet basic needs.