Tradeoff is
A) allowing the government and other organizations to choose for us.
B) sacrificing one thing for another.
C) deciding who consumes the products produced in an economy.
D) holding other variables fixed.

Question

Quizplus · Accepted Answer

Tradeoffs refer to the need to make a decision between two or more options, where choosing one option means sacrificing something else. For example, if a company wants to increase its profits, it may need to cut costs, which could mean laying off workers or reducing the quality of its products. Therefore, tradeoffs involve weighing the pros and cons of different options and deciding which one is the best for a given situation. Choices A, C, and D are not accurate descriptions of tradeoffs.

Tradeoff Is