All decisions involve trade-offs. Trade offs are the alternatives one gives up whenever one chooses one course of action leaving out out all other alternative courses of action.
Trade-offs are practically found in all economic decisions. For instance, when one chooses to take a special cup of cappuccino for $330, this excludes spending this amount of cash on tea or fruit juice. When you choose to buy an expensive piece of art, you will have to spend more money towards maintenance and security of the painting. If you decide to work in a far-off city due to better pay there, you spend less time with family and friends in your hometown.
Answer:
Political cooperative effort
Explanation:
The United Nations primarily a political cooperative effort as it is universal and consists of different political nations and international organizations, The main purposes of this organization is the maintainance of peace and security internationally, and the promotion of economic and social advancement peoples from all nations, with the achievement of international cooperation among nations.
It is called the Caspian Sea, and it is the largest inland water body. It covers 143,200 square miles and it is bordered by Iran, Azerbaijan, Russia, Kazakhstan, and Turkmenistan.
Answer:
D.product line extension
Explanation:
A product line extension is a new product that is slightly different to a company’s existing range.
Answer:
Alex has to think about which option gives him more benefits, and what is really important for him.
Explanation:
When you are going to take a decision, you have to take into account all the pros and cons. In this case he has two important variables: on one side is money and on the other side is the model. So, if he has enough budget allocated for the car, and he doesn´t have other expenses, he could choose Car X. However, if he doesn´t have enough money and he only need a car for easier transportation he should choose Car Y.
