1: Economizing behavior: is choosing the option that offers the greatest benefit at the least possible cost. always resu

[answerhappygod]

1: Economizing behavior:
is choosing the option that offers the greatest benefit at the least possible cost.
always results in maximum savings and minimum consumption spending.
results in consumers always choosing the lowest price option, regardless of the difference in benefit.
2;
Scarcity indicates that:
there is less of a good or resource freely available than people would like.
market forces tend to overproduce goods and services.
the supply of resources is infinite.
3: Capital is a term economists use to refer to
man-made resources used to produce other goods and services.
resources that are available in nature such as mineral deposits.
money that is used to consume goods and services, to distinguish it from money that is saved.
4: Capital is a term economists use to refer to
man-made resources used to produce other goods and services.
resources that are available in nature such as mineral deposits.
money that is used to consume goods and services, to distinguish it from money that is saved.