Given below are two statements:
Statement I: Consumption is an outcome of self-interest and a maximization of personal
Statement II: There are strong correlations between social status and such things as housing
In light of the above statements, choose the correct answer from the options given below:
1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is correct but Statement II is false
4
Statement I is incorrect but Statement II is true