Tradeoff
in sentence
94 examples of Tradeoff in a sentence
Wedded to a “Phillips curve” mentality conditioned by the presumed
tradeoff
between economic slack and inflation, central bankers remain steadfast in their view that an accommodative policy bias is appropriate as long as inflation falls short of their targets.
Good and Bad InequalityPRINCETON – In the pantheon of economic theories, the
tradeoff
between equality and efficiency used to occupy an exalted position.
As recently as 2007, when New York University economist Thomas Sargent, addressing the graduating class at the University of California, Berkeley, summarized the wisdom of economics in 12 short principles, the
tradeoff
was among them.
In recent years, however, neither economic theory nor empirical evidence has been kind to the presumed
tradeoff.
It is good that economists no longer regard the equality-efficiency
tradeoff
as an iron law.
The underlying assumption – reinforced by many European politicians, especially interior ministers – is that there is a
tradeoff
between security and openness.
Whereas the contradiction had previously been framed as a
tradeoff
between the needs of the people and China’s “backward social production,” it is now viewed as a tension between “unbalanced and inadequate development” and the “people’s ever-growing needs for a better life.”
Including non-member countries could undermine ASEAN’s unity; but that is a
tradeoff
ASEAN member states will have to accept if they decide to adhere strictly to consensus decision-making.
Alert to a worsening
tradeoff
between inflation and unemployment, Keynesian policymakers tried to sustain the boom through incomes policy – controlling wage costs by concluding national agreements with trade unions.
Machiavelli also stressed the importance of the hard power of coercion and payment when a leader faces a
tradeoff
with the soft power of attraction, “since being loved depends upon his subjects, while his being feared depends upon himself.”
Only a few governments managed this difficult
tradeoff
well, by providing adequate unemployment compensation and skills training, and promoting new, more remunerative employment opportunities.
For example, people may see an inevitable
tradeoff
between tough environmental standards and jobs.
The reason is simple: in most cases, the required structural measures involve immediate pain for longer-term gain – a
tradeoff
that politicians abhor, especially when they are subject to short election cycles.
But, even if only one life were saved per execution, the
tradeoff
might still be desirable if the life saved is much better than the life taken, which would usually be the case.
When the
tradeoff
is between taking lives and, say, reducing property theft, the case for milder punishments is far stronger.
Lawyers call this the fact-finding process, which is characterized by a tradeoff: Finding out what really happened, as opposed to ending the dispute, can be costly.
On the contrary, an open border would facilitate resolution of the conflict – not because it would be a
tradeoff
for something else, or come with strings attached, but because an open border demonstrates evenhandedness towards all neighbors.
Education systems are under pressure, but the argument that there is a
tradeoff
between access and quality does not hold water.
Likewise, North Korea’s focus on nuclear, rather than conventional, weapons may be enabling it to minimize the
tradeoff
between guns and butter.
Even economic growth will not prevent a
tradeoff
between defense and welfare spending for Europeans.
While outdoor air pollution is partly caused by incipient industrialization, this represents a temporary
tradeoff
for the poor – escaping hunger, infectious disease, and indoor air pollution to be better able to afford food, health care, and education.
This can likely be explained, in part, by a quantity-quality
tradeoff.
Without a willingness to raise revenues, defense expenditure is locked in a zero-sum
tradeoff
with important investments such as education, infrastructure, and research and development – all of which are crucial to America’s domestic strength and global position.
Economists describe regional integration as a
tradeoff
between economies of scale and the diversity of preferences.
If not, policymakers will eventually face an ugly tradeoff: kill the recovery to avoid risky bubbles, or go for growth at the risk of fueling the next financial crisis.
Different countries have varying preferences over regulations that should govern new technologies (such as genetically modified organisms), restrictiveness of environmental regulations, intrusiveness of government policies, extensiveness of social safety nets, or the
tradeoff
between efficiency and equity.
By endorsing a false peace-justice tradeoff, instead of insisting on the more politically difficult option of a settlement freeze, or on the removal of preconditions, the US has jettisoned legality from the peace process.
Recent research even questions whether targeting price stability reduces the
tradeoff
between inflation and unemployment.
And, unlike the major economies of the developed world, which constantly struggle with a
tradeoff
between short-term cyclical pressures and longer-term structural reforms, China is perfectly capable of addressing both sets of challenges simultaneously.
While the right policies cannot eliminate risk, they can ameliorate the cost-benefit
tradeoff
from capital flows.
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