The trade-offs facing consumers include:
A) how to allocate income across goods and serves.
B) how to allocate income between current consumption and future consumption.
C) both A and B
D) none of the above

Question

Quizplus · Accepted Answer

Consumers have to make decisions on how to allocate their income across goods and services (choice A) and between current and future consumption (choice B). Both options are trade-offs that consumers face, as they have limited income and must make choices on what to spend that income on. Therefore, the correct answer is option C.

The Trade-Offs Facing Consumers Include