Which of the following best describes the relationship between trade-offs and opportunity costs?
a
trade-offs occur when there are no opportunity costs.
b
trade-offs lower the opportunity costs of an economic decision.
c
opportunity costs are the opposite of trade-offs.
d
opportunity costs are incurred when trade-offs are made.
Answers: 2
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Which of the following best describes the relationship between trade-offs and opportunity costs?
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