Although Credit Permits More Immediate Satisfaction of Needs and Desires

question 15

Multiple Choice

Although credit permits more immediate satisfaction of needs and desires, it

• A)does increase total purchasing power.
• B)is always best to avoid credit purchases.
• C)does not diminish your ability to buy more goods and services on credit.
• D)has no opportunity costs attached to it.
• E)does not increase total purchasing power

---

Definitions:

Experimental Laboratory Conditions

A controlled setting used for research where variables can be manipulated to observe and study effects under replicable conditions.

Elections

A formal and organized process of voting to choose individuals for public office or to decide on public issues.

Doctrine

A principle or set of principles laid down by an authority as incontrovertibly true, often used in legal, religious, or philosophical contexts.

NLRA

The National Labor Relations Act, a foundational statute in United States labor law which protects the rights of employees to organize and bargain collectively.