Question

Mila is at a flea market. She has $50 in her wallet. She decides that she will spend $15 on jewelry, $20 on a pair of jeans, $5 on a T-shirt, and $10 on something to eat. She likes a one-of-a-kind T-shirt, but the seller is not ready to sell it for less than $8. She thinks of five ways to deal with this situation. Which two choices indicate a trade-off?

Answer 1

What are the choices? A trade off in this situation would be where she takes money out of her other budgets to put toward this one, for example, if she took 3 dollars out of her jewelry budget and put those 3 dollars into her t-shirt budget to buy the 8 dollar shirt.