A person studying economics chooses to buy an economic textbook for their class, even though it means they
cannot afford to buy a video game they want. This shows an understanding of
O goods.
O services.
O production.
consequences and tradeoffs.

Affordability is the term referred to as the ratio of expenditure to income. It is the per ratio of expenditure that the person spends as the part of the income and the income is the total sum of the amount that is with the person as the term salary.

The correct answer is consequences and tradeoffs.

Option consequences and tradeoffs are correct because it is the describing the affordability of the books and the affordability of the games. The person is so dedicated to the book for knowledge as compared to the video games.

Options:

Goods.

Services.

Production.

These options are wrong because they do not describe the affordability of the person. These options are the basic or the general words of economics.

To know more about affordability and economics, refer to the link below:

https://brainly.com/question/20474072

A person studying economics chooses to buy an economic textbook for their class, even though it means they cannot afford to buy a video game they want. This shows an understanding of O goods. O services. O production. consequences and tradeoffs.

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A person studying economics chooses to buy an economic textbook for their class, even though it means they
cannot afford to buy a video game they want. This shows an understanding of
O goods.
O services.
O production.
consequences and tradeoffs.