Multiple Choice
Lawrence is a photographer.He has $230 to spend and wants to buy either a flash for his camera or a new tripod.Both the flash and tripod cost $230,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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