What Are Economists Illustrating When They Use the Phrase "There

question 98

Multiple Choice

What are economists illustrating when they use the phrase "There is no such thing as a free lunch"?

• A) how inflation increases prices
• B) that to get one thing, we must give up something else
• C) that nothing is free in a market economy
• D) that if something looks too good to be true, it probably is

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Definitions:

Dim Light

Low-intensity illumination that provides a subdued visual environment.

Cornea

The clear, dome-shaped front surface of the eye that helps to focus light onto the retina.

Window

An opening in the wall of a building, vehicle, or container, typically covered with glass, that allows light and air to enter and people to see out; metaphorically, an opportunity or period of time.

Retina

The light-sensitive layer of tissue at the back of the inner eye, which transmits visual information to the brain via the optic nerve.