Question

Which of the following expenses would most likely be reduced during hard times in both a household
budget and a national budget

A fixed expenses, like a mortgage or a debt payment
B luxury expenses, like new TVs or funding for recreation
C necessary expenses, like food or national security

D variable expenses, like food and education spending

Answer 1

help plz

Answer 2

It would obviously be luxury expenses. No one would go out buying just luxury items when there is not even enough money to buy food.

Answer 3

thank you

Answer 4

can i ask you more questions

Answer 5

Sure.

Answer 6

ok

Answer 7

Which of the following statements most accurately describes an economy in which banks are not making
loans

A Cities no longer have uncontrolled growth and communities are better off financially
B Individuals can no longer buy new homes, but the economy is unchanged on the whole
C Businesses are less able to grow and expand and the economy slows down
D State and local governments would fail, and all business payrolls would be frozen immediately