Multiple Choice
What does the adage "There's no such thing as a free lunch" mean?
A) Even people on welfare have to pay for food.
B) The cost of living is always increasing.
C) To get something we like, we usually have to give up another thing we like.
D) All costs are included in the price of a product.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: In economics, what is the definition of
Q27: The harnessing of wind by wind farms
Q28: In economics, which set of categories does
Q29: Economists believe that people respond in a
Q30: What is a hypothesis? <br>A) an assumption about
Q32: In an economic model of consumer behaviour,
Q33: Which of the following would an economist
Q34: What is the goal of using theories?
Q35: In a circular-flow model, which of the
Q36: Which of the four types of decision