Ask your own question, for FREE!
Finance 7 Online
OpenStudy (anonymous):

Why are there trade-offs in economic decisions?

OpenStudy (anonymous):

scarcity the law of supply the law of demand priorities

OpenStudy (anonymous):

@Elsa213

Elsa213 (elsa213):

Can you please stop tagging me. v.v

OpenStudy (anonymous):

k

Elsa213 (elsa213):

"Trade offs exist because of limited resources, in economics, your trade off is the cost of your highest desired alternative; this is called opportunity costs. there are more explicit costs as well, like time and cash paid (if applicable)."

OpenStudy (anonymous):

so b

Elsa213 (elsa213):

yeee

Elsa213 (elsa213):

that's the last question >.>

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!