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43 votes
Trade-off is another name for the term ___.

User Roy Reznik
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2 Answers

21 votes
21 votes

Answer:

Opportunity cost.

Step-by-step explanation:

User Islamdidarmd
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11 votes
11 votes

Answer:

Opportunity cost.

Step-by-step explanation:

When economists refer to the “opportunity cost” of a resource, they mean the value of the next-highest-valued alternative use of that resource. In economics, a trade-off is defined as an "opportunity cost." For example, you might take a day off work to go to a concert, gaining the opportunity of seeing your favorite band, while losing a day's wages as the cost for that opportunity

User Aravind NC
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