What is a trade-off in economics?
A. Spending money without limits
B. Choosing one thing over another due to limited resources
C. Buying more goods at a cheaper price
D. Saving instead of spending
Asked by esoryramcatan4390
Answer (1)
The correct answer is letter B. Trade-offs happen because we cannot have everything. For example, if a student chooses to spend ₱100 on milk tea instead of load for mobile data, the trade-off is not having internet for the day.