A trade-off can be viewed as a compromise between two desirable things. Examples of trade-offs include: spending time to study economics over mathematics. Spending trade-offs are when money is sent on one good or service over another. For example: whether to use your last 15 dollars to purchase a pizza or to buy a study guide for that tough economics course.
Work Step by Step
Note that the student can find the answer in Principle #1: People Face Trade-offs and write their own examples of "trade-offs" in their own words.