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Question 37
The principle that "people face tradeoffs" applies to
individuals.
families.
societies.
All of the above are correct.

Verified Answer :

GinnyAnswer

Final answer:

The principle of making tradeoffs applies to individuals, families, and societies when making choices.


Explanation:

The principle that 'people face tradeoffs' applies to:

  • individuals
  • families
  • societies

This principle suggests that individuals, families, and societies must make choices between options, as seen in budget constraints and production possibilities. For instance, an individual may choose to spend time studying to improve grades, which then affects their leisure time.

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Learn more about tradeoffs here:

https://brainly.com/question/37683500


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