menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Macroeconomics Study Set 8
  4. Exam
    Exam 1: Ten Principles of Economics: How People Make Decisions
  5. Question
    The Phrase "No Such Thing as a Free Lunch" Means
Solved

The Phrase "No Such Thing as a Free Lunch" Means

Question 107

Question 107

Multiple Choice

The phrase "no such thing as a free lunch" means


A) people must face tradeoffs.
B) rational people think at the margin.
C) people respond to incentives.
D) trade can make everyone better off.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q102: Suppose the cost of flying a 200-seat

Q103: It costs a meat-processing company $50,000 to

Q104: Suppose the cost of flying a 100-seat

Q105: Suppose the cost of operating a 75

Q106: Melody decides to spend three hours working

Q108: Which of the following statements exemplifies a

Q109: A tradeoff exists between a clean environment

Q110: DeShawn has spent $600 purchasing and repairing

Q111: Which of the following statements best represents

Q112: The principle that "people face tradeoffs" applies

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines