Economists talk about trade-offs a lot because they have come to understand that whenever there is a winner from a policy or transaction, there must also be a loser.

Question

Quizplus · Accepted Answer

Economists talk about trade-offs because they recognize that resources are limited, and choosing one option often means giving up another. It's about the cost of the next best alternative foregone, not necessarily about creating losers.

Economists Talk About Trade-Offs a Lot Because They Have Come