Question

A tradeoff exists between two economic goals, X and Y. This tradeoff means that..?

A. X causes Y.

B. X and Y are equal.

C. getting more of X requires getting more of Y.

D. getting more of X requires getting less of Y.

Answers

D.

A tradeoff means just what the name suggests. That to get one thing, you need to trade it in for another. Hence if I wanted more of X I'd have to trade in some of my rights to Y to get it. Therefore, getting more of X requires getting less of Y and vice versa.

Economics is all about tradeoffs :)

#1

Always a good job right here. Keep rollnig on through.

#2