When Firms Give Away "Freebies" Like Free Apps, Free Checking

question 41

True/False

When firms give away "freebies" like free apps, free checking accounts, free maps, or free toothbrushes, they are contradicting economists' contention that "there is no free lunch."

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Definitions:

Conditional Cash Transfers

Anti-poverty programs in which households receive regular cash transfers (grants) as long as they keep their children in school and participate in preventative health care programs.

Poor Families

Households with income levels below a designated poverty threshold, facing financial hardship.

State Industries

Industries that are owned, operated, or controlled by the government.

Profit-Focused

Refers to strategies or actions of a business that are primarily aimed at increasing its profits.