Baggy pants are considered out of fashion and are not available in the market. in which stage of the fashion life cycle is the garment?

mid 60s to early 70s is when they wore that clothing

observing traffic laws in exchange for driving on the highway.

the correct answer is “opportunity cost”. opportunity cost is what a company misses out because it decided in one option over another one. in this case, the company decided to invest in building a factory so it gave up another possible benefit or profit in order to achieve success with the factory.  

trade-off is not the correct answer since it is a situation in which you accept losing something in return for benefits in other areas.

and finally, consequence is a general term used to accept what it comes when you make a decision. it can be a positive or negative consequence depending if the decision you took was the correct one.