A Decrease in Net Worth Could Be the Result Of

question 29

Multiple Choice

A decrease in net worth could be the result of:

• A) income exceeding expenses for a month.
• B) expenses exceeding income for a month.
• C) assets exceeding expenses.
• D) increased earnings on the job.
• E) income and expenses being equal for a month.

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Definitions:

Federal Governments

A system of government where power is divided between a national (federal) government and various regional governments.

Command Economy

A system of economy in which all determinations about the generation and distribution of products and services are made by the state or central authority.

Markets

Places or systems where buyers and sellers interact to trade goods, services, or resources.

Free Enterprise

An economic system where private individuals rather than the government have the right to own property and conduct businesses, subject to minimal regulatory constraints.