Question

Which of the following best defines the economic principle of a 'trade-off'? A. A trade-off is how much something costs. B. A trade-off is how important ant something is to the buyer. C. A trade-off is what you give up when you choose something else. D. A trade-off is the concept that with every decision, you get something and give something else up.

Answer 1

D. a trade off is the concept that with every decision, you get something and give something else up