Which of the following are trade-offs faced by a family deciding whether to buy a new car? Check all that apply. Fuel-efficient cars are more expensive, but regular cars require spending more on gas. An increase in the family's car payment means the family will be unable to afford a vacation. A larger vehicle means saving time by not having to make multiple trips somewhere, but a smaller vehicle is cheaper.

Respuesta :

Answer:

An increase in the family's car payment means the family will be unable to afford a vacation

Explanation:

Trade offs can be seen in terms of opportunity cost.

Opportunity cost or implicit is the cost of the next best option forgone when one alternative is chosen over other alternatives.

By choosing to buy a new car, the family would be forgoing the opportunity to take a vacation