Question

Which of the following expenses would most likely be reduced during hard times in both a household budget and a national budget?
fixed expenses, like a mortgage or a debt payment luxury expenses, like new TVs or funding for recreation necessary expenses, like food or national security variable expenses, like food and education spending

Answer 1

Are these your choices?

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

What is your answer?