Asked by
JANCEL DEL PRADO
on Oct 13, 2024
Verified
Which of the following is not considered a determinant of the level of consumption?
A) Credit availabilities
B) Capacity utilization
C) Keeping up with the Joneses
D) Consumer expectations
Credit Availabilities
The ease with which individuals and businesses can obtain loans or credit, influenced by financial market conditions and regulatory policies.
Capacity Utilization
A measure of how much of a firm's or economy's productive capacity is being used, typically expressed as a percentage.
Consumption
Consumption of goods and services within a household.
- Expound on the fundamental principles behind evident consumption and the wealth phenomenon.
- Evaluate the determinants of consumption and the importance of disposable income in consumer behavior.
Verified Answer
ME
Learning Objectives
- Expound on the fundamental principles behind evident consumption and the wealth phenomenon.
- Evaluate the determinants of consumption and the importance of disposable income in consumer behavior.