Trade-Offs by ashleycroninn

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Slide Notes

Trade-Offs

Published on Dec 01, 2015

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PRESENTATION OUTLINE

TRADE-OFFS

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All the alternatives that we give up whenever we choose one course of action over another.

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Individual and Trade-Offs

Ex: You can choose to spend more time at work but then you have to give up watching the baseball game.

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Businesses and Trade-Offs

Ex: Farmers who plant broccoli cannot use the same land to grow carrots.

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Society and Trade-Offs

Ex: A country that produces more military goods has fewer resources to devote to consumer goods.

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