Multiple Choice
John is an athlete.He has $120 to spend and wants to buy either a heart rate monitor or new running shoes.Both the heart rate monitor and running shoes cost $120,so he can only buy one.This illustrates the principle that
A) trade can make everyone better off.
B) people face trade-offs.
C) rational people think at the margin.
D) people respond to incentives.
Correct Answer:

Verified
Correct Answer:
Verified
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