Sam has $500 saved up for his spring break. He also carries about $300 of debt on his credit card. By choosing not to pay off his credit card with his savings, Sam is:

A. acting rationally.
B. going to be poorer in the long run.
C. recognizing that money is fungible.
D. None of these is true.


B. going to be poorer in the long run.

Economics

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Which of the following is one of the most widely followed stock indexes in the United States?

A) the Fortune 500 B) the Securities and Exchange Commission C) the Dow Jones Industrial Average D) the Chicago Mercantile Exchange

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A firm's demand for labor is known as a "derived demand" because:

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Compared to the perfectly competitive outcome, monopolistically competitive markets will result in:

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Economics