ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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trade-offs
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opportunity costs
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Either A or B
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None of the above
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Detailed explanation-1: -A trade-off is a kind of compromise that involves giving up something in return for getting something else.
Detailed explanation-2: -Words related to trade-off accommodation, accord, adjustment, arrangement, bargain, concession, deal, pact, settlement, understanding, acknowledgment, admission, compromise, grant, permit, privilege, banter, reciprocity, agreement, compensation.
Detailed explanation-3: -: a giving up of one thing in return for another : exchange. trade off transitive verb.
Detailed explanation-4: -A trade-off (or tradeoff) is a situational decision that involves diminishing or losing one quality, quantity, or property of a set or design in return for gains in other aspects. In simple terms, a tradeoff is where one thing increases, and another must decrease.
Detailed explanation-5: -Money vs Time. 90% of all jobs and promotions are a trade-off between money earned and the time required. Position vs Accountability. Job security vs Opportunity. Travel vs Predictability. Role vs People. Brand vs Scope. Relationships vs Numbers. Reframe. More items •21-May-2018