The Text Points Out That the Families That Are Most

question 56

Multiple Choice

The text points out that the families that are most in debt are those that:

• A)fall into the lowest income bracket
• B)use personal checks and debit cards
• C)have mortgages and credit cards
• D)spend 15% of their paychecks on debt payments

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Definitions:

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his work "The Wealth of Nations," which laid the foundations for classical economics.

The Wealth of Nations

A seminal book by Adam Smith that lays out the basics of classical economics and free-market mechanisms.

Principle of Economics

Fundamental concepts or guidelines that underlie the study of economics, including theories about how markets operate, how people make decisions, and how resources are allocated.

Landscaper

A professional who designs, maintains, and transforms outdoor spaces including gardens, lawns, and other green areas to enhance aesthetic appearance and functionality.