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Explain 34 th sum
Economics
What is trade off ?explain the solution
Answers (1)
Best Answer
Option B is correct answer . Following situations involve a trade-off : a) Taking a nap b) Watching a football game on Saturday afternoon c) Going to university Trade off refers to any sacrifice to get a certain product or experience. As per the economics term, trade off is referred as opportunity cost, that is, next best alternative use.
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