The Expression "There's No Such Thing as a Free Lunch

question 156

Multiple Choice

The expression "There's no such thing as a free lunch" means

• A) in an exchange, if one person gains, someone else must lose.
• B) each person must pay for exactly what he or she receives.
• C) the use of resources to meet one need means that those resources can no longer be used to meet another need.
• D) in an exchange, if one person gains, someone else must lose and equal amount.

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced by an economy in real terms.

Energy Consumption

The total amount of energy used by an individual, organization, or society.

Total Fertility Rates

The mean number of offspring a woman is predicted to bear in her lifetime, assuming the current rates of childbirth.

Death Rates

The frequency of deaths in a specific population, typically expressed per 1000 or 100,000 individuals, over a certain period of time.