Which of the following are trade-offs faced by a family deciding whether to buy a new car? Check all that apply. A newer model offers better protection and functions but is more expensive than an older model. The same vehicle model is available at various car dealerships. The vehicle is available in several colors. Which of the following are trade-offs faced by a member of Congress deciding how much to spend on national parks? Check all that apply. The president likes white flowers and wants to see more in parks. Congress can spend either a small amount on a lot of parks or a large amount on a single national park. Money spent on national parks benefits park visitors, but alternatively the money could be spent on highways to benefit drivers. Which of the following are trade-offs faced by a company president deciding whether to open a new factory? Check all that apply. The firm currently employs 100 workers. The firm can either open a new factory or upgrade existing equipment. The firm can either pay out more of its profit to shareholders or earn additional profit next year by increasing production. Which of the following are trade-offs faced by a professor deciding how much time to spend preparing for class? Check all that apply. The professor has taught the same subject for 4 years. The more the professor prepares, the better the lectures, but the less free time the professor can enjoy doing something else. The better the lecture, the better the professor's chances of tenure, but time spent preparing the lecture decreases the time the professor has available to work on research. /hich of the following are trade-offs faced by a recent college graduate deciding whether to go to graduate school? Check all that apply. Taking out more student loans means she may not able to purchase the new car she needs. Graduate school means fewer years of on-the-job experience. If she goes to graduate school, she won't be able to spend as much time with her family.
