When Consumers Want to Purchase Products/services That Are Priced Too

question 135

Short Answer

When consumers want to purchase products/services that are priced too low i.e. less than $1) to be paid with credit cards, an) ______________________ system is often used.

---

Definitions:

Agricultural Act

Legislation that regulates agricultural production, marketing, and subsidies.

Crop Insurance Programs

Government or private insurance schemes that compensate farmers for losses to their crops due to natural disasters or adverse weather conditions.

Household Income

The combined gross income of all members of a household, typically measured on an annual basis.

Food Expenditures

The amount of money spent on food by individuals, households, or countries.