answersLogoWhite

0

What is trade-offs in economics?

Updated: 10/18/2022
User Avatar

Wiki User

7y ago

Best Answer

an alternative that we sacrifice when we make a decision

User Avatar

Mina Hyatt

Lvl 10
2y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is trade-offs in economics?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the tradeoffs between core capabilities and core rigidities?

What are the tradeoffs between core capabilities and core rigidities?


What are tradeoffs of a camera?

its 2-d?


People face tradeoffs?

Its okay.


What are tradeoffs of the airplane?

pollution is a tradeoff of airplanes


What are the classifications of economics?

classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)


Classification of economics?

classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)


What does the phrase there's no such thing as a free lunch mean in economic terms?

people must face tradeoffs


What has the author Frank Livesey written?

Frank Livesey has written: 'A textbook of core economics' -- subject(s): Economics 'Stage 1 economics' -- subject(s): Economics 'Dictionary of Economics' 'Economics' -- subject(s): Economics, Marketing, Problems, exercises 'A modern approach to economics' -- subject(s): Economics 'Economics (A.C.C.A.)' 'Economics for business decisions' -- subject(s): Managerial economics 'Economics (Marketing)' 'A textbook of economics' -- subject(s): Economics 'Objective tests in A Level economics' -- subject(s): Economics, Examinations, questions, Problems, exercises


How can a Work Breakdown Structure can be used to help the managers?

WBS can be used to help make program management decisions. For example, if the food costs are too high, the WBS can be used to identify possible tradeoffs. Identifying and analyzing tradeoffs can help the manager decide how best to stay within the budget.


What is the difference between MSc Economics and MA Economics?

what is difference between msc economics and ma economics


What is the Difference between economics and manegrial economics?

difference between economics and managerial economics


How was modern economics named modern economics?

economics