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.

Question

Quizplus · Accepted Answer

Economizing behavior refers to the effort to achieve objectives at the lowest possible cost, which means seeking the most efficient way to use resources.

When Economists Say an Individual Displays Economizing Behavior, They Simply