Multiple Choice
Which economic concept does the expression "there's no such thing as a free lunch" reflect?
A) opportunity cost
B) specialization
C) market exchange
D) comparative advantage
E) efficiency
Correct Answer:

Verified
Correct Answer:
Verified
Q184: Your opportunity cost of choosing a particular
Q185: Exhibit 2-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 2-7
Q186: The concave shape of a production possibilities
Q187: Opportunity cost is always measured in dollar
Q188: Exhibit 2-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 2-4
Q190: A medium of exchange must be<br>A)approved by
Q191: An improvement in technology<br>A)will always result in
Q192: The Sultan of Brunei, one of the
Q193: A production possibilities frontier will shift outward
Q194: Absolute advantage is based on opportunity cost.