The economic term for this is "opportunity cost".
Opportunity cost is the cost of the options that one is not choosing. This means that if one has to choose between A and B, opportunity cost is the cost of "giving up B" when one chooses A.
Answer: because these could save you money later by lasting longer
Explanation:
When making purchases on products, it's always advisable to buy high quality products. Choosing quality over price helps in the elimination of waste, and improvement of efficienct.
As consumers, when we buy high quality products, they tend to last longer than buying products that are of low quality even though those ones may be cheaper.
Therefore, spending extra money on high-quality products can save one money later by lasting longer.
It is false that M-3 is money that people can gain access to quickly and easily to pay for goods and services. That would be M-1.
M-3 refers to stocks, bonds, mutual funds, etc.
