Question

Select the correct answers.

Mila is at a flea market. She has $50 in her wallet. She decides that she will spend $15 on jewelry, $20 on a pair of jeans, $5 on a T-shirt, and $10 on something to eat. She likes a one-of-a-kind T-shirt, but the seller is not ready to sell it for less than $8. She thinks of five ways to deal with this situation. Which two choices indicate a trade-off?

Answer 1

She will give up on the T-shirt and use the money to buy better jeans.

She will buy the T-shirt for $8 and not order juice at lunch.

Step-by-step explanation:

A trade-off refers to the compromise which is made when an individual decides to take one action and give up on the other.

When Mila buys the T-shirt for $8 and does not order juice at lunch, she is making a trade-off between buying a t-shirt and ordering a juice at lunch.

Similarly, when Mila decides to give-up on the T-shirt and decides to buy a better jeans she is making a trade-off between

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