Purchasing power is a function of income,prices,savings,and _____.
A) population
B) education
C) credit availability
D) natural resources

Question

Quizplus · Accepted Answer

Purchasing power is affected by the availability of credit, as it can increase or decrease an individual's ability to make purchases. Option A (population) may indirectly affect purchasing power through supply and demand, but it is not a direct factor. Education (Option B) and natural resources (Option D) may impact the economy and prices, but they are not directly related to an individual's purchasing power.

Purchasing Power Is a Function of Income,prices,savings,and _____