Which One of the Following Is the Best Example of a Long-Term

question 11

Multiple Choice

Which one of the following is the best example of a long-term goal for a young couple?

• A) A new car
• B) Reduction of amounts owed on credit cards
• C) Increased savings
• D) Income for retirement
• E) Funds for a vacation

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Definitions:

Yogurt

A food produced by bacterial fermentation of milk, often sweetened and flavored.

Almonds

A type of nut that is harvested from almond trees, used both as a food item and for producing almond oil.

Indifference Curve

A chart that depicts various combinations of products that a consumer sees as equally desirable, illustrating their preferences.

Marginal Utility

The additional satisfaction or value derived from consuming one more unit of a good or service.