Describe how buying on credit and installment plans work and why they can be dangerous to an economy.

Answers

Answer 1
you can borrow too much and go into debt and some people never pay the debt so it is money that the economy never gets back
Answer 2

A person can borrow too much and go into debt and some people never pay the debt so it is money that the economy never gets back. Thus,  buying on credit and installment plans can be dangerous to an economy.

What is a installment plan?

It is a payment plan in which you pay in installments. The borrower repays a portion of the principal borrowed as well as interest on the loan with each installment payment. Auto loans, mortgage loans, personal loans, and student loans are all examples of installment loans.

As consumers purchased more on the installment plan, debt forced some to cut back on other purchases. Manufacturers cut production and laid off workers as sales slowed. Jobless people had to cut back on their purchases even more, causing business activity to plummet.

Buying on credit also contributed to the Great Depression because everyone was buying stocks on credit rather than with real money. When people and banks began demanding that the money they had loaned be paid back, no one had enough money.

Therefore, buying on credit and installment plans can be dangerous to an economy.

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Related Questions

Anna is a 30-year-old new mother who has had a loss of appetite, extended episodes of crying, and suicidal thoughts since her baby was born 3 months ago. Anna feels guilty about her lack of interest in her child and is considering resuming the antidepressant she took in her early 20s. Anna is likely experiencing ______.

Answers

She's likely experiencing relapse.

How Does the author compare gold and silver?

Answers

Just from what the question is asking, silver is less valuable than gold. U.S. currency is based on gold, so silver wouldn’t be as valuable.

Please select the word from the list that best fits the definition
This activity should be done after a brief rest

Answers

Answer:

E, Revisit

Explanation:

Answer:

revist

Explanation:

taking the tast

European Exploration chart​

Answers

Answer:

European exploration, exploration of regions of Earth for scientific, commercial, religious, military, and other purposes by Europeans, beginning about the 4th century BCE.

Explanation:

European exploration, exploration of regions of Earth for scientific, commercial, religious, military, and other purposes by Europeans, beginning about the 4th century BCE.cleMediaAdditional Info

HomeWorld HistoryGlobal Exploration

European exploration

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WRITTEN BY

Jean Brown Mitchell

Fellow, Newnham College, Cambridge, 1934–68; Lecturer in Geography, University of Cambridge, 1945–68. Author of Historical Geography.

See Article History

European exploration, exploration of regions of Earth for scientific, commercial, religious, military, and other purposes by Europeans, beginning about the 4th century BCE.

European exploration: early voyages

Map depicting the European exploration of the New World in the 15th and 16th centuries, including the voyages made by Christopher Columbus, John Cabot, Alonso de Ojeda and Amerigo Vespucci, Pedro Álvares Cabral, Ferdinand Magellan and Juan Sebastián del Cano, Giovanni da Verrazzano, Jacques Cartier, Sir Francis Drake, and others. The lines of demarcation represent an early division between the territory of Spain (to the west) and Portugal (to the east).

Encyclopædia Britannica, Inc.

European exploration

RELATED TOPICS

Earth exploration

The motives that spur human beings to examine their environment are many. Strong among them are the satisfaction of curiosity, the pursuit of trade, the spread of religion, and the desire for security and political power. At different times and in different places, different motives are dominant. Sometimes one motive inspires the promoters of discovery, and another motive may inspire the individuals who carry out the search. 

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ArticleMediaAdditional Info

HomeWorld HistoryGlobal Exploration

European exploration

Cite Share More

WRITTEN BY

Jean Brown Mitchell

Fellow, Newnham College, Cambridge, 1934–68; Lecturer in Geography, University of Cambridge, 1945–68. Author of Historical Geography.

See Article History

European exploration, exploration of regions of Earth for scientific, commercial, religious, military, and other purposes by Europeans, beginning about the 4th century BCE.

European exploration: early voyages

Map depicting the European exploration of the New World in the 15th and 16th centuries, including the voyages made by Christopher Columbus, John Cabot, Alonso de Ojeda and Amerigo Vespucci, Pedro Álvares Cabral, Ferdinand Magellan and Juan Sebastián del Cano, Giovanni da Verrazzano, Jacques Cartier, Sir Francis Drake, and others. The lines of demarcation represent an early division between the territory of Spain (to the west) and Portugal (to the east).

Encyclopædia Britannica, Inc.

European exploration

RELATED TOPICS

Earth exploration

The motives that spur human beings to examine their environment are many. Strong among them are the satisfaction of curiosity, the pursuit of trade, the spread of religion, and the desire for security and political power. At different times and in different places, different motives are dominant. Sometimes one motive inspires the promoters of discovery, and another motive may inspire the individuals who carry out the search.

BRITANNICA QUIZ

European Exploration: Fact or Fiction?

Were the French the first Europeans to reach southern Africa? Was Christopher Columbus the first European to see South America? From southern Africa to Jamaica, navigate your way through this quiz of European exploration.

For a discussion of the society that engaged in these explorations, and their effects on intra-European affairs, see European history. The earliest European empires are discussed in ancient Greek civilization and ancient Rome.

Which statement is an example of a debater using an opponent’s ideas in his or her own argument? Animals deserve moral and legal rights because animals support and comfort humans in times of need. Animals do not deserve moral and legal rights because they are incapable of rational thought and because they act on instinct, which makes them dangerous. While ancient philosophers claimed that animals are not capable of judgment, more recent work from primatologists at Emory University has revealed that chimpanzees show physiological and mental capacities. Philosophers have built the foundation of modern-day thought on the subject of animals and their lack of any sense of morality. Since animals are unable to behave morally, they do not deserve moral or legal rights.

Answers

The 2nd Debater

Because he has evidence on why they shouldn’t have rights.

Animals do not deserve moral and legal rights because they are incapable of rational thought and because they act on instinct, which makes them dangerous, statement is an example of a debater using an opponent’s ideas in his or her own argument.

What is An Argument?

Arguments are assertions backed by justifications and evidence. There are five very pertinent qualities of argument: Argumentation happens in groups. Two or more people engaging in an argument must respond to each other's claims and arguments.

Giving an argument entails offering a group of premises as justifications for believing the conclusion. It's not always necessary to criticize or insult someone when making an argument. Arguments can also be employed to back up the beliefs of others.

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After the Continental Army crossed the Delaware they attacked the Hessian army, defeated 8,000 British Soldiers, and took Trenton and Princeton . True or False ?

Answers

Answer:

Trur

Explanation:

Read this excerpt from an encyclopedia article about the Cold War.

Another intense stage of the Cold War was in 1958–62. The United States and the Soviet Union began developing intercontinental ballistic missiles, and in 1962 the Soviets began secretly installing missiles in cuba that could be used to launch nuclear attacks on U.S. cities. This sparked the Cuban missile crisis (1962), a confrontation that brought the two superpowers to the brink of war before an agreement was reached to withdraw the missiles.

Which type of media would best help readers understand the information in the excerpt?

an aerial photograph that shows the Soviet Union’s missile sites in Cuba
a chart that compares the populations of the United States and Cuba in 1950 and 1960
a timeline that traces the relationship between the United States and Cuba in the 20th century
a graph that compares the range of Soviet Union missiles with the range of US missiles

Answers

The correct answer is A. an aerial photograph that shows the Soviet Union’s missile sites in Cuba

Explanation

The fragment of the question speaks specifically about the missile crisis between the Soviet Union and the United States when the European country secretly established missiles on the island of Cuba between 1958-1962. According to the above, the resource that would best help readers to understand the fragment would be A. An aerial photograph that shows the Soviet Union's missile sites in Cuba because would complement the information in the fragment and give it more complete and accurate information. to readers.

Answer:

A) an aerial photograph that shows the Soviet Union’s missile sites in Cuba

Explanation:

edge

Hey so what’s your birthday

Answers

Answer:

Me?

Explanation:

25th November. What about you?

Answer:

5th day of the 1st month of the 7th year of this century

Explanation:

What steps did the Framers of the Constitution take to make sure the government did not have too much power?

Answers

Answer:

In order to modify the separation of powers, the framers created a best-known system—checks and balances. In this system, powers are shared among the three branches of government

Answer:

Established limits to the power of each branch

Explanation:

I took the test it is correct

Theresa is a normal weight for a girl her age and height, but she is obsessed with the idea that she is too fat. She often goes without eating all day, and then in the middle of the night sneaks into the kitchen and eats everything she can find. A typical binge might include an entire roasted chicken with mashed potatoes and gravy, some bread, and a half gallon of ice cream. Afterward, she always goes to the bathroom to throw up the food. Theresa most likely would be diagnosed with __________.

Answers

Answer:

bulimia

Explanation:

bulimia nervosa is a type of eating disorder in which someone may feel as though they have lost control over their weight and evaluate themselves according to their body shape and weight. Someone with bulimia may feel caught in a cycle of eating large quantities of food known as ‘bingeing’, and then engaging with behaviours to compensate for this as an attempt to prevent gaining weight known as purging.

Why was the civil rights act of 1964 needed

Answers

Answer:

The Act prohibited discrimination in public accommodations and federally funded programs. It also strengthened the enforcement of voting rights and the desegregation of schools. The Civil Rights Act of 1964 is the nation's benchmark civil rights legislation, and it continues to resonate in America.

Answer:

The civil right act 1964 is the nations benchmark civil right legislation, and it continues to resonate in America


Which of the following countries did NOT have a significant, long-lasting colonial presence in Africa after 1920 ?

Answers

I’m pretty sure it would be Germany because they had to pay for their actions after WWI and one of the things they had to do was give up all their colonies(in Africa).

The country that did not have a significant, long-lasting colonial presence in Africa after 1920  was Germany.

What is  the meaning of the term “colonial”?

The 31st anniversary of Jamaica's freedom from British colonial rule is referred to as being "colonial," which refers to colonies or colonialism. adjective.

A colonial structure or piece of furniture was constructed or created in a design that was popular in America in the 17th and 18th centuries. The nation was a colonial power. a colonial country and its colonial empire The book outlines colonial American life.

Even cooking was labor-intensive in the colonial era. However, colonists managed to combine work and recreation. They also took an interest in games and sports. The colonists accepted being governed by English law for the most of the 1700s.

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Help please ans NO LINKS!

Answers

answer:

i cannot  understand

Why did the United States become involved in the conflict between North and South Vietnam?

Answers

Answer: The U.S entered the war because they were afraid communism was going to spread

Explanation: Hope this helps :)

The US had a foreign policy of containment towards communism. When it became a threat, it was viewed as our place to step in and help with maintaining democracy in other countries.

Explain the human activities which are responsible for land degradation in India.

Ans. a. Natural: Soil erosion, landslides, torrential rain

b. Human: Mining and industry. (Explain all)

Answers

Answer:

b. Human: Mining and industry.

Explanation:

Human activities such as mining, deforestation, over grazing and industrial activities etc are responsible for the land degradation in India. Due to mining, the land is disturbed and degraded when the minerals are extracted from the land. Cutting of trees leads to barren land and the wind and rainfall with high intensity removes the upper layer of the soil with the passage of time. Overgrazing of animals on the land removes all vegetation and the land is susceptible for erosion and degradation.

Answer:

b. Human: Mining and industry.

Explanation:

Hope this helps

Where does gendercide occur?

Answers

Answer:

East Asia – China, Vietnam, Singapore, and Taiwan South Asia – India, Bangladesh, Nepal, Pakistan, and Afghanistan West Asia – Turkey, Syria, Iran, Azerbaijan, Armenia, and Georgia

Explanation:

What was the result of Johnson's impeachment trial?
A: He was removed from office
B: He was acquitted and finished his term.
C: The Tenure of Office Act was extended.

Answers

Answer:

B) He was acquitted and finished his term.

Explanation:

3 positive facts about the cuban revolution?

Answers

Answer:

That attack's leader, Fidel Castro, went on to rule Cuba from 1959 to 2008. ... Pledged to a program of reform, he made good only a few of his promises during his ... election, and on March 26 the elections were rescheduled for November 3.

Explanation:

According to the theory, dreaming is a by-product of our brain
processing what it has learned during the day.
A. information processing
B. activation synthesis
C. manifest content
D. Freudian

Answers

Answer: A

Explanation:

information processing

Answer:information processing

Explanation:

Which of the following explanations BEST compares the Georgia State Constitution to the United States Constitution?

A. Georgia’s constitution has a bill of rights, while the U.S. constitution does not. However, both constitutions include specific requirements for local governments.

B. While both constitutions have bill of rights and include ideals like separation of powers and checks and balances; Georgia’s constitution is longer and more detailed.

C. The U.S. constitution is much longer and more specific that the Georgia constitution and includes provisions for citizens to vote on amendments.

D. While both constitutions have a bill of rights, Georgia’s constitution does not include separation of powers or checks and balances like the U.S. constitution.

Answers

Answer:

I think it is D. While both constitutions have a bill of rights, Georgia’s constitution does not include separation of powers or checks and balances like the U.S. constitution.

What changes in the world happened after the collapse of the Soviet Union?

Answers

- Russia briefly led a confederation of independent states and maintained some control of the region.

- Eastern European Economy, Economic Collapse, and Foreign Trade.

- Crime, Cultural Changes and Social Upheavals.

Hope it helped! :)

In an alternative version of his original experiment, Milgram used two experimenters, who began to disagree with each other when the participants administered 150 volts and the learner began to complain. In this variation, participants refused to continue. According to the authors of your text, this variation demonstrates the importance of __________ in influencing obedience.clear informational influenceunanimous normative influencethe foot-in-the-door effectthe door-in-the-face effect

Answers

Answer:

clear informational influence

Explanation:

Stanley Milgram was a famous social psychologist who has researched the "effect of authority" on obedience. Thus, he concluded that individuals obey the authority figures for either of the two reasons including "out of fear" or "out of an aspiration to look cooperative".

Informational influence: The term "informational influence" is described as an individual's conformity under the affirmation of evidence associated with the reality that has been provided by some other individuals.

In the question above, the given statement signifies that "clear informational influence" plays an important role in influencing behavior.

When a humanitarian donation is sent with conditions placed on the use of that donation, it is most often referred to as
(Choose one) :

a) foreign aid

b) tariff aid

c) protectionism

d) tied aid

Answers

Answer:

c

Explanation:

4. What is the purpose of research ethics in doing research work?​

Answers

Answer:

The purpose of research ethics, within the context of research work, is to guide the researcher towards actions that are respectful with the people who are part of the study, or to provide ethical guidelines for a researcher when faced with an ethical or moral dilemman.

For example, research ethics helps the researcher make sure that the people who are part of a study are treated fairly, are informed about the research and their participation in it, are given confidentiality in case needed, and are given the choice of choosing not to take part in the research.

Bankers, Scholars, and Merchants spread Renaissance ideas across Europe.

True or False​

Answers

Answer:

true

Explanation:

The Great Salt Lake is located in the area called the__________________.
Great Valley
Great Basin
Great River
Great Plateau

Answers

Answer:

Great River

Explanation:

Answer:

C

Explanation:

PLEASE HURRY I WILL GIVE BRAINLIST
Your school has raised money for charity. The headteacher has decided that the money
should be donated either to a tiger sanctuary or to a bird reserve that looks after birds
and offers birdwatching facilities.
Here are some comments from the two charities:
'The bird reserve provides a wonderful, natural habitat for birds and educates the
public, too.
‘Tigers are threatened by extinction. We must protect them from hunters and
poachers.'
Write a report for the headteacher saying which charity should, in your view, receive
the funds.​

Answers

Answer:

kjbkkbkj

Explanation:

What are the similarities between Africa and Nepal?

Answers

Answer:

Both are agricultural countries

Both have enough amount of natural resources

Both lack proper utilization of said resources to improve their economy

Both have around 30% of woman in Parliament

Both countries have abolished death penalty

Both are considered ''poor countries''

Explanation:

The amount of similarities between the two are quite limited however the most important factor to highlight would be that both of them could provide a solution to their increasing poverty if their natural resources were properly utilized.

*NATHANLYRODD16* CREDS

PLZZ HELP ME ILL GIVE BRAINLIEST TO WHOEVER ANSWERS THIS FIRST AND CORRECTLY!!

9. What award did George Marshall receive in 1953 for his work on the Marshall Plan?
a. Humanitarian Award
b. Freedom Award
c. Nobel Peace Prize
d. Pulitzer Award
e. Charlemagne Prize

Answers

Answer:

Nobel Peace Prize

Explanation:

The correct answer is c. Nobel Peace Prize

Which is a belief of monotheistic religions

Answers

Answer:

Monotheism is the belief in a single all-powerful god, as opposed to religions that believe in multiple gods. Judaism, Christianity, and Islam are widely practiced forms of monotheism.

Explanation:

Answer:

monotheistic is the belief that theirs only one god

Explanation:

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