I know when I shop at the local grocery store,I am helping my community.Which economic principle does this statement BEST represent?
A)People usually respond to incentives,exploiting opportunities to make themselves better off.
B)There are gains from trade.
C)One person's spending is another person's income.
D)Overall spending sometimes gets out of line with the economy's productive capacity.

Question

Quizplus · Accepted Answer

This statement represents the economic principle of "one person's spending is another person's income." By shopping at a local grocery store, you are supporting and contributing to the local economy, and the money you spend will eventually circulate back into the community as income for others.

I Know When I Shop at the Local Grocery Store,I