Question

question 17 of 17
which term means to reduce spending in order to save money?
select an answer from the options below.
a consumption
b economize
c deflation
d scarcity

Explanation:

• "Consumption" means using goods or services, not reducing spending.
• "Economize" means to spend less money or use resources more efficiently, which fits the description of reducing spending to save money.
• "Deflation" is a general decrease in prices, not about reducing spending.
• "Scarcity" refers to a limited supply of resources, not related to reducing spending.

Answer:

B. economize