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11 August, 10:38

What is a trade-off?

Select the best answer from the choices provided.

A. an alternative that is unavailable due to scarcity

B. the next best alternative based on personal priorities

C. a choice that must be made due to scarcity

D. the next best alternative based on specific needs

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Answers (1)
  1. 11 August, 14:06
    0
    The best answer is:

    C) a choice that must be made due to scarcity.

    A tradeoff occurs when you must choose between two or more things, selecting the best option given the constraints. Choosing what to spend your allowance on, for example, is involves a trade-off that you must make due to the scarcity of your allowance money (you don't have unlimited money). D is a tempting answer, but it does not define trade-off as well as C.
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Home » Business » What is a trade-off? Select the best answer from the choices provided. A. an alternative that is unavailable due to scarcity B. the next best alternative based on personal priorities C. a choice that must be made due to scarcity D.
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