Which of the Following Are Not Among the Four Categories

question 48

Multiple Choice

Which of the following are not among the four categories accounting for three-quarters of consumer spending?

• A)Utilities
• B)Clothing
• C)Food
• D)a and b
• E)a, b, and c

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Definitions:

Recession

A period of economic decline across a significant portion of an economy, lasting for a few months or more.

Asian Americans

A diverse group of Americans of Asian descent, encompassing a variety of cultures, languages, and backgrounds.

Socioeconomic Factors

Elements that describe the social and economic conditions influencing an individual's or group's behavior and well-being.

Substitute Product

A product or service that satisfies the same needs as another, often considered by consumers as an alternative.