Question

Every monetary decision we make involves a level of choice, usually of one thing over another. What is the name for this financial trade-off?

A.personal risks

B.inflation

C.passive income

D.opportunity cost

Answer 1

Answer:

c

Explanation:

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Answer 2

Answer:

As a result, to get one thing that we like, we usually have to give up another thing that we also may like. Making decisions requires trading off one item against another. In economics, the term trade-off is often expressed as an opportunity cost, which is the most preferred possible alternative.