economics

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trade-offs are alternatives that people give up when they choose one course of action over another.


Who makes trade-offs?

Why do decisions involve trade-offs?

  • economics -

    Everyone makes trade-offs every day. Do you stay in bed an extra ten minutes, or do you get up so you have plenty of time to get ready? Do you eat junk food for lunch because it tastes good, or do you eat a healthy salad? Do you buy a new video game, or do you save your money for something else?

    How would you answer the second question?

  • economics -

    because if you choose one this you give up another.

  • economics -

    Right! :-)

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