Purchasing a smart phone data plan,premium movie channels,and University of Alabama football season tickets results in you having to drop your health insurance plan.This can be described as:

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This scenario represents a trade-off where the individual has to sacrifice one item (health insurance plan) in order to afford the other desired items (smart phone data plan, premium movie channels, and University of Alabama football season tickets). This decision may not be ideal as it puts the individual at risk of financial ruin in case of a medical emergency or illness, but it ultimately comes down to what the individual values most.

Purchasing a Smart Phone Data Plan,premium Movie Channels,and University of Alabama