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What three issues must the government make trade-offs with when making policies?
quality, access, cost
What is trade-offs in economics?
an alternative that we sacrifice when we make a decision
Why do consumer producer and government have to make choice?
Because these economic actors exist in a condition of scarcity, which means that they must make trade-offs to achieve their desires. Making trade-offs implies economic choices exist.
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.
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 three issues must the government make trade-offs with when making policies?
quality, access, cost
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.
What is trade-offs in economics?
an alternative that we sacrifice when we make a decision
Why do consumer producer and government have to make choice?
Because these economic actors exist in a condition of scarcity, which means that they must make trade-offs to achieve their desires. Making trade-offs implies economic choices exist.
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.
What is a way for engineers to obtain a solution?
Make trade offs or S.I
Why does every decision trade offs?
because evryone has to make sacrifices.
Why do decisions involve trade-offs?
because averyone has to make sacrifices
Why do producers and consumers have to make choices?
Because these economic actors exist in a condition of scarcity, which means that they must make trade-offs to achieve their desires. Making trade-offs implies economic choices exist.
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 the relationship between decisions and trade-offs?
Decisions are directly related to trade offs because what one person chooses can have an effect on outcome. Trade-offs may need to be analyzed carefully if there are risks involved.For every decision you make their is a trade-off, because you always have to give something up in exchange for another decision.
