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Type: Multiple-Choice
Category: Economics
Level: Grade 12
Score: 1
Author: rbanks59
Last Modified: 3 months ago

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Economics Question

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Grade 12 Economics

A trade-off is
  1. the extra cost of adding one unit.
  2. the alternatives we give up when we choose one action over another.
  3. a process in which you compare what you will give up and gain from an action.
  4. the money a person makes.
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