Another name for the term _____ is trade-off.A.valueB.down paymentC.opportunity costD.equitySUBMITarrow_backPREVIOUS

Break Down the Problem

1. Identify the term that is synonymous with "trade-off."
2. Evaluate each option provided.

Relevant Concepts

• A trade-off involves giving up one thing in return for another, which is closely associated with the concept of "opportunity cost."

Analysis and Detail

1. Option A: Value - This does not directly refer to a trade-off. Value is a measure of benefit or worth.
2. Option B: Down Payment - This is a specific financial term used in purchasing, not a synonym for trade-off.
3. Option C: Opportunity Cost - This term directly relates to trade-offs, as it refers to the cost of the next best alternative that must be forgone when making a decision.
4. Option D: Equity - Generally refers to ownership or fairness in a financial context, and does not define a trade-off.

Verify and Summarize

Among the options analyzed, the most fitting term that relates to "trade-off" is Opportunity Cost (C). This concept embodies the essential idea of sacrificing one potential benefit for another.

Final Answer

C. Opportunity Cost