John has $4000 in savings to buy an engagement ring for his girlfriend even though he has no plans to propose in the near future. When his transmission needs to be replaced in his car, John charges the $2000 worth of auto repair. John's decision is an example of:
A. over consumerism.
B. people recognizing that money is fungible.
C. people making false distinctions about their money.
D. everyday expenses being easier to charge than big purchases.
Answer: C
Economics
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A) Imports will fall. B) Trade surplus will increase. C) GDP will remain unchanged. D) GDP will decrease.
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Statistics show that China will soon overtake the United States in terms of per capita GDP
a. True b. False
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