Paying for sneakers using a credit card is an example of a person borrowing

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter2: Scarcity And Opportunity Costs
Section: Chapter Questions
Problem 14E
icon
Related questions
Question
I need help
Paying for sneakers using a credit card is an example of a person borrowing
the shoe store owner's money to pay for the purchase.
money from savings to pay for the purchase.
the sneaker maker's money to pay for the purchase.
O the credit card company's money to pay for the purchase.
w!se
Transcribed Image Text:Paying for sneakers using a credit card is an example of a person borrowing the shoe store owner's money to pay for the purchase. money from savings to pay for the purchase. the sneaker maker's money to pay for the purchase. O the credit card company's money to pay for the purchase. w!se
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Government Policy
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Economics:
Economics:
Economics
ISBN:
9781285859460
Author:
BOYES, William
Publisher:
Cengage Learning
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Principles of Microeconomics
Principles of Microeconomics
Economics
ISBN:
9781305156050
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning