Question

question 14
1 pts
sophia is planning her activities for a hot summer day. she would like to go to the local swimming pool and see the latest blockbuster movie, but because she can only get tickets to the movie for the same time that the pool is open she can only choose one activity. this illustrates the basic principle that...

people face tradeoffs.

rational people think at the margin.

improvements in efficiency sometimes come at the expense of equality.

people respond to incentives.

Explanation:

Sophia has to choose between two activities (swimming pool and movie) as they occur at the same time, meaning she has to give up one for the other. This is a tradeoff. The other options: "Rational people think at the margin" is about marginal benefits/costs, "Efficiency vs equality" is about resource distribution tradeoff (not individual choice), and "People respond to incentives" is about reacting to rewards/punishments (not applicable here).

Answer:

A. People face tradeoffs.