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Content: The answer is C: Tradeoffs. The answer is further explained in details below stating the relationship and difference between opportunity cost and trade-offs. Trade-offs are commonly used to define and explain what an opportunity cost is. It is considered to be a favored alternative between both the options. From an economic perspective, trade-offs refer to sacrifice and different decisions that must be performed in order to obtain a product. Definition of trade-off
A tradeoff is a technique which involves foregoing or reducing one or more outcomes that are desired, in exchange for obtaining or increasing other desirable outcomes so as to maximise the effectiveness or total return in given circumstances. In simpler terms, it is a decision in which there is a diminishing quality, property or quantity in return for other gains. If one thing increases the other must decrease. For a very basic example, a container has only space for one item, so you choose one to fit into the container and leave the other out.