The Assertion That "There Is No Free Lunch" Means That

question 277

Multiple Choice

The assertion that "there is no free lunch" means that

• A) there are always trade-offs between economic goals.
• B) all production involves the use of scarce resources and thus the sacrifice of alternative goods.
• C) marginal analysis is used in economic reasoning.
• D) choices need not be made if behavior is rational.

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