Question

Which of the following is not a correct interpretation of a trade-off?

Having more of one thing means having less of another.
Demand of ice-cream must increase in the summer.
There is no free lunch.
One must give up something in order to obtain something else.

Answer 1

D

Step-by-step explanation:

A trade-off occurs when we make a choice that benefits us, but to acquire that benefit, we also have to give up something of value. Further explore the definition of trade-offs in economics, understand the concepts of opportunity costs and sacrifices, and recognize the importance of making trade-offs in a strategic manner that uses resources wisely.