Economists state that every decision involves trade-offs. economists measure and define these trade-offs as:

Question

Octavio Vargas

Social Studies

4 May, 08:14

Economists state that every decision involves trade-offs. economists measure and define these trade-offs as:

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Answers (1)

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Lamar Burnett · Answer 1

The choices can be found elsewhere and as follows:

a) productions possibilities curve

b) paradox of value

c) circular flow of economic activity

d) opportunity costs

I think the correct answer is option A. Economists measure and define these trade-offs as productions possibilities curve. Hope this answers the question. Have a nice day.