Which of the following situations best exemplifies the concept of good materialism?*1 pointMichael constantly buys the most expensive and prestigious items to brag to his friends.James constantly buys luxury items due to their quality and practical purposes.Emily constantly buys high-end bags to show of her social status.Susan constantly buys the latest fashion trends for the purpose of fitting in a specific friend group.

Social virtues like honesty, reciprocity, and keeping commitments are not choice worthy merely as _________ values; they also have a/an _________ dollar value and help the group who practise them achieve shared ends.virtuous . . . abstractethical . . . tangiblemoral . . . ephemeraldesirable . . . materialistic

What are the desirable characteristics of the good used as money? Select all that apply.

When acquiring material goods people are concerned with how things serve a practical purpose.

When Mehdi's income fell by 10%, he completely gave up taking his dress shirts to the local dry cleaner and instead began to press his shirts himself at home. For Mehdi, what kind of good is having his shirts professionally pressed at the dry cleaner?Multiple ChoiceAn inferior goodA normal goodA luxury goodAn elastic good

Particular materiality is more than the general materiality.Group of answer choicesTrueFalse