When you pay for items that are consumed immediately or wear out quickly by financing them with your credit card, your wealth
A) decreases.
B) is non-taxable.
C) expands.
D) is saved for future use.
A) decreases.
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Investments made "today" in machines, equipment and buildings do not have an immediate effect on total capital stock
Indicate whether the statement is true or false
The behavior of many savings-and-loans in the 1980s appears to be evidence __________ the existence of __________ problem in deposit insurance
A) supporting; a moral hazard B) supporting; an adverse selection C) against; a moral hazard D) against; an adverse selection
The lowest percentage of the U.S. population in poverty is found when using which measurement of household resources?
A) private income only B) private income plus cash benefits C) private income with cash and in-kind benefits D) private income with Social Security payments subtracted
Official lending and investing are usually done by
A. governments or multilateral institutions. B. private individuals when purchasing government bonds. C. commercial banks. D. multinational enterprises.