Which One of the Following Is an Advantage of Using

question 30

Multiple Choice

Which one of the following is an advantage of using credit?

• A)Potential bankruptcy
• B)Spending beyond your budget
• C)Funding an emergency expense
• D)Committing future income to pay for current purchases
• E)Incurring interest charges

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Definitions:

Value Judgments

assessments based on personal views about the worth, beauty, or morality of something, rather than on measurable criteria.

Positive

Describes an approach or statement that is based on factual assertions or affirmative actions, often used in the context of economic analysis.

Normative

Refers to prescriptive concepts, reflecting beliefs about what ought to be rather than what is.

Positive

In the context of economics, a situation or correlation in which an increase in one variable leads to an increase in another variable.