Question

Economists state that every decision involves trade-offs. economists measure and define these trade-offs as:

Answer 1

The choices can be found elsewhere and as follows:

a) productions possibilities curve
b) paradox of value
c) circular flow of economic activity
d) opportunity costs

I think the correct answer is option A. Economists measure and define these trade-offs as productions possibilities curve. Hope this answers the question. Have a nice day.