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Trade-offs and opportunity costs are alike in one main way. Perhaps you would make a trade-off in order to enjoy something that you wanted, and you may lose the opportunity to use this item if you do not make the trade-off.

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Edward Lakin

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Q: In what way are trade offs and opportunity costs alike?
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Related questions

Which of the following best describes the relationship between trade-offs and opportunity costs?

opportunity cost are incurred when trade-offs are made


What is the relationship between Trade-offs and opportunity costs?

The relationship between trade offs and opportunity costs is that they both have to do with economics. A person has to make a choice that would have to sacrifice.


How are trade off''s and opportunity costs different?

The trade-offs and opportunity costs are different from an economic standpoint in the sense that trade-offs are situations where you give up one thing in favor of another.


How are trade-offs and opportunity cost different?

The trade-offs and opportunity costs are different from an economic standpoint in the sense that trade-offs are situations where you give up one thing in favor of another.


How trade-off and opportunity cost different?

The trade-offs and opportunity costs are different from an economic standpoint in the sense that trade-offs are situations where you give up one thing in favor of another.


What is the relationship between trade and opportunity costs?

The relationship between trade offs and opportunity costs is that they both have to do with economics. A person has to make a choice that would have to sacrifice.


What the relationship between trade off and opportunity cost?

The relationship between trade offs and opportunity costs is that they both have to do with Economics. A person has to make a choice that would have to sacrifice.


What is the relationship between trade off and opportunity cost?

The relationship between trade offs and opportunity costs is that they both have to do with Economics. A person has to make a choice that would have to sacrifice.


In what way are trade-offs and opportunity costs alike?

Trade-offs and opportunity costs are alike in one main way. Perhaps you would make a trade-off in order to enjoy something that you wanted, and you may lose the opportunity to use this item if you do not make the trade-off.


What is another name for opportunity cost?

trade offs


What do you mean by trade offs?

Trade-offs are opportunities one forego in order to pursue a different opportunity. You must consider your trade-offs to make sure you are making the best business decision.


What do you mean by trade-offs?

Trade-offs are opportunities one forego in order to pursue a different opportunity. You must consider your trade-offs to make sure you are making the best business decision.