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Describe a typical economic decision. What is the trade-off? What is the opportunity cost?

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Answer: trade-off is when you are giving up one alternative good or service for the other. opportunity cost is what you will give up for something else

User Alen Lee
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Well, trade-off is when you are giving up one alternative good or service for the other, and the opportunity cost is what you will give up.
User Kantuni
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