When economists say an individual displays economizing behavior, they simply mean that she is
a. making a lot of money.
b. buying only those products that are cheap and of low quality.
c. learning how to run a business more effectively.
d. seeking the lowest cost method to accomplish her objectives.
D
Economics
You might also like to view...
Use a figure to explain how a balance of payments crisis and its hand in capital flight
What will be an ideal response?
Economics
The payments made to the beneficiaries of the Social Security program are financed by
a. insurance premiums previously paid into the system by the beneficiaries. b. current receipts derived from the Social Security payroll tax. c. income derived from funds that were previously invested in stocks and bonds. d. governmental savings accounts based on the amount of funds the recipient previously paid into the system.
Economics