A city has a budget that allows for either the construction of a new public library or the renovation of an existing community center. The city council must decide which project to fund. In this scenario, which of the following best describes the trade-off the council faces?

In this situation, the city council is faced with a trade-off because they have limited money to spend and must choose between two important projects. If they decide to build a new public library, that means they cannot use the same funds to renovate the community center, and vice versa. This decision-making process involves weighing the benefits of each option, such as how many people will use the library compared to the community center and what improvements each project will bring to the community. For example, if the library will provide more educational resources for children, while the community center offers recreational activities for families, the council must consider which project will have a greater positive impact on the community. Ultimately, the trade-off is about making the best choice with the available resources to meet the community's needs.