ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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choices
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money
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products
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None of the above
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Detailed explanation-1: -When making a decision, we form opinions and choose actions via mental processes which are influenced by biases, reason, emotions, and memories. The simple act of deciding supports the notion that we have free will. We weigh the benefits and costs of our choice, and then we cope with the consequences.
Detailed explanation-2: -A study published in the Journal of Consumer Psychology in 2014, for example, indicates that making purchases helps people feel instantly happier-and also fights lingering sadness. One reason, the study authors speculate, is that making purchase decisions confers a sense of personal control and autonomy.
Detailed explanation-3: -Simple things, like correct size and fit, are easy to spot when you physically try clothing on. Plus, other factors are impossible to know when online shopping, like the quality of material, comfort, range of motion, and functionality.
Detailed explanation-4: -Consider Wants Versus Needs. Ask Yourself Some Questions. Look Up Your Credit Score. Consider Your Current Savings. Calculate Cost-Per-Use. Think About the Benefits. Spend as Little as Possible. Practice Good Purchasing Decisions. 05-Jun-2020