The Purchase of a New House Is the One Form

question 25

Multiple Choice

The purchase of a new house is the one form of

• A)investment that is financed by private saving rather than public saving.
• B)household spending that is not counted as part of investment in the national income accounts.
• C)household spending that is investment rather than consumption.
• D)household spending that does not contribute to GDP.

---

Definitions:

Appeal to Higher Loyalties

Appeal to higher loyalties is a term used in sociology to describe a situation where an individual justifies breaking societal norms or laws by claiming allegiance to a more significant cause or authority.

Condemning Judgments

Harsh criticisms or assessments that express strong disapproval of someone or something.

Justifications

Reasons or arguments presented in support of an action, belief, or theory.

Rationalizations

The process of providing reasonable explanations or justifications for thoughts, actions, or feelings, often to hide true motives.