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Answer to Question #81317 in Economics for Shaima
Question #81317
Every choice is a trade off. Explain this.
Expert's answer
Each of the options normally has its advantages and disadvantages.
The essence of choice is based on selecting an option providing the most advantages and the least disadvantages.
However, once the choice is made in favor of a certain option, advantages, typical for another options, are lost. That is why, every choice is a trade off.
The essence of choice is based on selecting an option providing the most advantages and the least disadvantages.
However, once the choice is made in favor of a certain option, advantages, typical for another options, are lost. That is why, every choice is a trade off.
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