Question

Which of the following most accurately describes why trade-offs are necessary?

A. There are easily overlooked associated costs for many purchases.
B. The raw material for every good in the product market came from the input market.
C. Any choice involves sacrificing the alternatives that could have been chosen.
D. Nearly all the factors of production are final goods.
E. A portion of all business revenue must be spent on production costs.

Answer 1

Letter C

Explanation:

Any decision made by anyone requires not accepting something.

For example, to choose to buy a cup of coffee on your way to work, you are not just going straight to work.

Answer 2

I think C

Explanation: