Mark Has $2000 in Savings

question 61

Multiple Choice

Mark has $2000 in savings.Over Christmas break,he puts over $500 on his credit card and pays it off gradually over the spring semester.An economist might observe that behavior as:

• A)rational.
• B)irrational.
• C)misallocated.
• D)scarce.

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Definitions:

Paleo

Often associated with the Paleolithic diet, which is based on the presumed dietary patterns of ancient humans, emphasizing whole foods and limiting processed foods.

Unintended Consequences

Outcomes or effects that are not anticipated or intended, often as a result of an action or decision.

Acute Injuries

Injuries that occur suddenly and typically as a result of a specific impact or traumatic event, often requiring immediate medical attention.

Federal Government

The national government of a federal country, which shares power with state or provincial governments under a system of federalism.