Which of the Following May Indicate Potential Debt Problems

question 65

Multiple Choice

Which of the following may indicate potential debt problems?

• A)paying only the minimum balance each month.
• B)always borrowing to make it to next payday.
• C)your wages have been garnished to pay for debt.
• D)your utility company cuts off service because your bills are unpaid.
• E)paying only the minimum balance each month, always borrowing to make it to next payday, your wages have been garnished to pay for debt, and your utility company cuts off service because your bills are unpaid.

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Definitions:

Panel

A group of people gathered to discuss, investigate, or make decisions about a specific subject or issue.

Restaurants

Establishments where food and drinks are prepared and served to customers.

Long Run

A period of time in which all factors of production and costs are variable, and firms can enter or exit the industry.

Market Entry

The process by which a new competitor enters an existing market to offer goods or services.