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11 July, 06:31

Who does not face trade-offs?

a. Super-rich CEOs of high-powered corporations

b. You

c. The U. S. government

d. Everybody faces trade-offs You The U. S. government

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Answers (1)
  1. 11 July, 10:09
    0
    The correct answer is letter "D": Everybody faces trade-offs.

    Explanation:

    Trade-offs are closely related to the scarcity problem. Scarcity is the basic economic problem that arises because people have unlimited wants but resources are limited. Because of scarcity, various economic decisions must be made to allocate resources efficiently. There is when individuals have to sacrifice one need or part of it to fulfill a major benefit. Trade-offs are experienced in that case and not only individuals but also, companies and governments deal with these situations.
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Home » Business » Who does not face trade-offs? a. Super-rich CEOs of high-powered corporations b. You c. The U. S. government d. Everybody faces trade-offs You The U. S. government
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