<span>Major reasons for consumer default on loans can include: missed payments, either known or unknown. This has a negative effect on the consumer's credit score and can limit their chances to take out new lines of credit. A continuation of missed payments results in default. High interest loans are also a major reason for default.</span>
You run a stop sign and hit another vehicle. Collisions are the type of that insurance will pay for the repair of your vehicle
This is further explained below.
<h3>What is
collision insurance?</h3>
Generally, Collision insurance is a kind of coverage that may assist pay for the repair or replacement of your vehicle in the event that it is damaged in an accident with another vehicle or object, such as a tree or a fence. When you lease or finance a vehicle, the lender will almost always demand you to have collision coverage on the vehicle.
In conclusion, You blow through a stop sign and collide with another car. Your auto insurance company will pay for the repairs to your car if it was damaged in a collision.
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Answer:
D a budget deficit.
Explanation:
A budget deficit is when government spending exceeds income from taxes.
The State of Washington spent a total of $74.8 billion and had a total income of $65.8 billion. Spending exceeds income from taxes by $9 billion. The State of Washington has a budget deficit.
A budget surplus is when income from taxes exceeds government spending.
I hope my answer helps you.
D is the answer I’m sure of it
If a person is highly risk averse, the higher marginal utility associated with a negative outcome outweighs the lower marginal utility from a positive outcome.
<h3>What is marginal utility?</h3>
The extra satisfaction which a consumer receives from possessing one more unit of an item or service is known as marginal utility.
The concept of marginal utility is helps in describing how customers make decisions to get the most out of their limited budgets. In general, until the marginal utility exceeds the marginal cost, consumers will keep buying more of a good.
There are three types of Marginal utility:
- Positive Marginal Utility: When having more of something provides you more happiness, you have positive marginal utility. Assume you regularly eat a piece of cake, however a second piece would bring you even more joy. Then the marginal utility from cake consumption is positive.
- Zero Marginal Utility: It occurs when using more of an item provides no additional measure of satisfaction. For instance, you might feel reasonably full after 2 pieces of cake but not significantly better after a third slice. Your marginal utility on eating cake is 0 in this situation.
- Negative Marginal Utility: It occurs when you have an abundance of an item, and ingesting more is really hazardous. After eating three slices of cake, the fourth piece of cake may potentially make you sick.
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