Which One of the Following Is a Disadvantage of Using

question 161

Multiple Choice

Which one of the following is a disadvantage of using credit?

• A)Receiving advance notice of sales
• B)Temptation to overspend
• C)Avoiding the necessity of carrying cash
• D)Ease of returning merchandise
• E)Having a record of all purchases

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Definitions:

Redistributing Income

The process of realigning the distribution of wealth or income in a society, often through taxation and government spending aimed at reducing inequalities.

Society's Total Utility

The cumulative measure of satisfaction or happiness that a society derives from consuming a particular amount of goods and services.

Diminishing Marginal Utility

A principle stating that as a consumer consumes more of a good or service, the satisfaction (utility) gained from each additional unit decreases.

Universal Basic Income

A financial program where a government provides all citizens with a regular, unconditional sum of money, regardless of employment status or wealth.