Question

Which of the following are trade-offs faced by a family deciding whether to buy a new car? Check all that apply. The same vehicle model is available at various car dealerships. A newer model offers better protection and functions but is more expensive than an older model. The vehicle is available in several colors.

Answer 1

A newer model offers better protection and functions but is more expensive than an older model.

Step-by-step explanation:

A trade-off is the opportunity cost of a decision. It is the next best option forgone when one alternative is chosen over other alternatives.

If the family buys the new car, it would not be able to buy the newer, better and more expensive model which is the next best option