multiple choice 2 points\na consumer wants to buy a new computer. although the computer will be more…
multiple choice 2 points\na consumer wants to buy a new computer. although the computer will be more expensive, it will be faster and more efficient than the less expensive model. which term describes such an economic choice?\nscarcity\ntrade - off\ncompetition\nsupply
Answer
Brief Explanations:
A trade - off occurs when one has to give up something (in this case, less money spent) to gain something else (a faster and more efficient computer). Scarcity refers to limited resources, competition is about rivalry between producers or consumers, and supply is about the amount of a good available in the market.
Answer:
B. trade - off