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  • 09-04-2020
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In economics, the term "trade-off" refers to

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emmiliexaustin
emmiliexaustin emmiliexaustin
  • 09-04-2020

Answer:

Making decisions requires trading off one item against another. In economics, the term trade-off is often expressed as an opportunity cost, which is the most preferred possible alternative. A trade-off involves a sacrifice that must be made to get a certain product or experience.

Explanation:

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