A tradeoff is:}
A) a constraint that requires giving up one thing to get another.
B) represented by a point outside a PPF.
C) a transaction at a price either above or below the equilibrium price.
D) represented by a point inside a PPF.
Answer: A
A tradeoff is:}
A) a constraint that requires giving up one thing to get another.
B) represented by a point outside a PPF.
C) a transaction at a price either above or below the equilibrium price.
D) represented by a point inside a PPF.
Answer: A