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The principle that people face tradeoffs applies to:.

Sagot :

The principle that people face tradeoffs applies to individuals, families and societies.

What does tradeoff mean?

Tradeoff is an economic term which means that when a person chooses a particular decision, he forgoes other decisions. For example, if a doctor leaves his job to travel the world. He is trading off the income he would earn from working as a doctor to enjoy travelling the world.

Here is the complete question:

The principle that "people face trade-off" applies so:

a) Individuals.

b) Families.

c) Societies.

d) All of the above are correct.

To learn more about tradeoffs please check: https://brainly.com/question/26315727

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