Describe some of the trade-offs faced by each of the following; choose three:

a. a family deciding whether to buy a car

b. a member of Congress deciding how much to spend on national parks

c. a company president deciding whether to open a new factory

d. a recent college graduate deciding whether to go to graduate school

e. a single parent with small children deciding whether to take a job

Also, what are three examples of important trade-offs that you face in your life?

Explain your reasoning.