In regional economic development planning, achieving one objective often results In achieving less of another, tradeoffs exist among alternatives Two parts of area economic objectives are examined-gross regional product versus local employment and local wage bill versus local employment-and tradeoff curves are derived The tradeoff curve range is greater and, therefore, the conflict Situation more interesting between the first pair of objectives-a capital oriented and a labor-oriented objective-than between the second pair-two labor-oriented goals As regions become more open, tradeoff schedules shift outward and range and curvature Increase, Intensifying the need for compromise