Economists state that every decision involves trade-offs. economists measure and define these trade-offs as: a. productions possibilities curve. c. circular flow of economic activity. b. paradox of value. d. opportunity costs. select the best answer from the choices provided

Option D i.e Opportunity Costs is the correct answer.

Economists define trade-offs in simple terms as a situational decision where a person chooses a thing over the sacrifice of another thing,owning to limited resources and time.

Opportunity Cost of a choice is what you gave up to get it. For example, you gave up the idea of watching movie tomorrow in order to go for a dinner.

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