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.
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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