Multiple Choice
What does "there is no such thing as a free lunch" mean in economics?
A) That scarce resources are used up to provide "freebies" and giveaways
B) That sometimes people may take friends out to lunch and pay for them
C) That all items in the lunch menu have specific prices
D) That products only have value because people are willing to pay for them
Correct Answer:
Verified
Correct Answer:
Verified
Q31: The slope of a graph relating two
Q32: In graphing a relationship between two variables,
Q38: When economists talk about the capital resources
Q55: Another way of saying "ceteris paribus" is:<br>A)
Q57: When a state government chooses to build
Q58: Which of the following is considered a
Q59: Economic models do not reflect the full
Q62: If A decreases, then B will also
Q64: Which of the following is not a
Q65: After graduating from high school, Adam is