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Rufina [12.5K]
3 years ago
8

Ben is a consumer and decides not to purchase luxury items because they are too expensive.

Social Studies
2 answers:
ddd [48]3 years ago
8 0
The answer is
A. when aggregate income is high, people hold cash to buy goods that are plentiful and cheap.
Salsk061 [2.6K]3 years ago
7 0
B. When price levels rise, people hold onto cash.

This makes sense because choice A. doesn't make sense.

Aggregate means "comprised of," which would imply that people pool all of their income to buy cheap items in large quantities, which is unlikely. If you combined all your money, say between three people, then you COULD buy the luxury items with all of it.

Hope that was what you're looking for
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Which european nation first established a trading empire in the indian ocean ?
Salsk061 [2.6K]
With the help of explorer and sea captain, Vasco de Gama, Portugal set up a trading empire in the Indian Ocean. The Portuguese were motivated to find an alternate sea route to obtain the goods of Asia, instead of paying heavy sums to Italian merchants, who worked and sold these goods throughout the Mediterranean Sea before. Vasco de Gama made several trips to the area and helped develop the Portuguese Trading Empire in the region. His first trip lasted two years and started in 1497, he was to make several return trips.
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3 years ago
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