Which of the Following Is Not a Disadvantage of Using

question 116

Multiple Choice

Which of the following is not a disadvantage of using credit?

• A)Credit may lead to overspending.
• B)There are costs associated with credit.
• C)When credit is used to purchase an item,your net worth falls by the amount borrowed.
• D)You will have less flexibility with future budgets.

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Definitions:

Recession

A significant decline in economic activity across the economy, lasting longer than a few months, typically visible in real GDP, real income, employment, industrial production, and retail sales.

Subdivision

A process of dividing land into pieces that are easier to sell or otherwise develop.

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a primary source for fuel and in the production of petrochemicals.

Equilibrium

A state of balance in a market situation where the quantity supplied equals the quantity demanded, often resulting in a stable market price.