A trade-off refers to

A) sacrificing one thing for another.
B) deciding who consumes the products produced in an economy.
C) allowing the government and other organizations to choose for us.
D) holding other variables fixed.


A

Economics

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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen asĀ 

A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward

Economics

The demand for loanable funds curve shifts in response to changes in

A) the amount of household savings. B) the expected future disposable income. C) expected profits. D) the real interest rate. E) wealth.

Economics

Which statement is true?

A. All land has the same value. B. The supply of land rises with demand. C. The supply of urban land rises with increases in demand. D. The rent on a particular piece of land is based on the supply of land.

Economics

If official U.S. poverty statistics included in-kind transfer payments the:

A. poverty rate would be close to zero. B. poverty rate would be lower. C. government deficit would be lower. D. top 10 percent of those in the income distribution would be wealthier.

Economics