Register
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
49,587 views
34 votes
34 votes
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.

User DroidLearner
by
2.9k points

1 Answer

29 votes
29 votes

Answer:

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.

User Randy In Marin
by
3.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers

Other Questions

If the rate of inflation in Japan dramatically increases while the rate of inflation in the United States remains constant, then a. the demand curve for dollars shifts to the left. b. the demand curve
If you buy a one-year bond for $4,000 and the issuer pays you back $5,000 at the end of one year, the interest rate on the bond is
The market value of the equity of Hudgins, Inc., is $582,000. The balance sheet shows $21,000 in cash and $192,000 in debt, while the income statement has EBIT of $93,000 and a total of $137,000 in depreciation
Kylie is risk averse and has $1,000 with which to make a financial investment. She has three options. Option A is a risk-free government bond that pays 5 percent interest each year for two years. Option
Elroy Rocket is entering his senior year as an accounting major and has a number of options for his summer break. His options for the 3 month break follow: (1) Work full time at a local accounting firm
Link Copied!