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7 August, 06:14

You have been invited to the "Party of the Year", but the next day you have the final exam in a required course in your major. Which Principle of Economics best describes your decision?

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  1. 7 August, 06:36
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    Answer: " People face off trade offs"

    Explanation:

    " People face trade-offs" best describe the decision. So, there is a trade-off between studying for the final exam on a next day and enjoying a party. I can take the advantage of the one decision only if i left out the other decision as it is.

    It clearly shows that if a people wants to get something from the one component then they have to sacrifice the other component.
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