Answer:
Credit cards allow families to make purchases in excess of their current income. Just like for families, there are negative effects of spending more money than the government brings in with revenue.
Explanation:
It is tempting to think that credit cards, and other forms of credit, negate
scarcity because credit cards allow us to exceeed or spend beyond our limits.
However, while the use of credits allows us to borrow from our future to pay or afford to buy at the moment to negate scarcity, we are more likely not to have enough to spend in the future, hence, the issue of scarcity will still come.
Also, since credit cards have limitationsn,limitations ere is a llimitationsimit to how much credit cards can negate scarcity.itatillons, there is a limit to how much credit cards can negate scarcity.
Hence, it is tempting to think that credit cards, and other forms of credit, negate
scarcity because credit cards allow us to exceed or spend beyond our limits.
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