Questions: (C) trade-off D opportunity cost Attending college is a case where the opportunity cost exceeds the monetary cost. (A) budget constraint (B) marginal analysis (C) opportunity cost (D) marginal utility

Question 1.1: What is Eco... (C) trade-off (D) opportunity cost

Explanation:

• Trade-off: This refers to the concept of giving up one thing in order to gain something else. It is a fundamental principle in economics where resources are limited, and choices must be made.
• Opportunity cost: This is the cost of the next best alternative that is foregone when a decision is made. It represents the benefits that could have been obtained by choosing the alternative option.

Question 2: Attending college is a case where the $\qquad$ exceeds the monetary cost. (C) opportunity cost

Explanation:

• Budget constraint: This refers to the limitations on the consumption choices of individuals due to their limited income.
• Marginal analysis: This involves comparing the additional benefits and additional costs of a decision.
• Opportunity cost: This is the correct answer because attending college involves not only the direct monetary costs (tuition, books, etc.) but also the opportunity cost of foregone earnings and other opportunities.
• Marginal utility: This refers to the additional satisfaction or utility gained from consuming an additional unit of a good or service.

Question 3: As depicted in $\qquad$ it is necessary to give up some of one good to gain... The answer is likely referring to a concept such as the Production Possibility Frontier (PPF) or a similar economic model that illustrates trade-offs and opportunity costs. However, the exact term is not provided in the text snippet.

Summary: 1.1: The concepts of trade-off and opportunity cost are fundamental in economics. 2: Attending college involves an opportunity cost that exceeds the monetary cost. 3: The concept likely refers to the Production Possibility Frontier (PPF) or a similar model.