At the end of junior year of college, when one realize that you can graduate a semester early by taking two classes during the summer, this is most closely the concept known as Tradeoffs.
What is a Tradeoffs?
It is often expressed as an opportunity cost which is the most preferred possible alternative but its involves a sacrifice that must be made to get a certain product or experience. It mostly occurs when we make a choice that benefits us but to acquire that benefit, we also have to give up something of value.
Therefore, because you can graduate a semester early by taking two classes during the summer, this is most closely the concept known as Tradeoffs.
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