What Is Implied by the Expression, "There's No Such Thing

question 84

Multiple Choice

What is implied by the expression, "There's no such thing as a free lunch"?

• A) Costs are incurred when resources are used to produce goods and services.
• B) No one has time for a good lunch anymore.
• C) The person consuming a good must always pay for it.
• D) Everyone has to pay for his/her own lunch.

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Definitions:

Government Property

Assets owned by the state or government, including buildings, land, and resources.

Economic Assistance

Financial aid provided by governments or international institutions to support the economies of other nations, communities, or individuals in need.

Progressive Tax

A tax for which high-income taxpayers pay a larger fraction of their income than do low-income taxpayers.

Libertarians

Individuals who advocate for minimal government intervention in personal lives and the economy, emphasizing individual liberty and free markets.