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

question 128

Multiple Choice

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

• A)services may be free, but goods are never free
• B)even if it has a price of zero, a good or service has a cost
• C)charitable organizations should not serve free lunches to the poor
• D)poor people are really the ones who pay for their allegedly free lunches
• E)someone has to pay the market price for a good or service

Recognize the significance and objectives of the American Temperance Society.

Comprehend the goals and strategies of key reform and abolitionist movements, including their stance on slavery and citizenship rights.

Understand the influence of the Second Great Awakening on American society and reform movements.

Analyze the goals and outcomes associated with the establishment of common schools and their role in societal development.

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Definitions:

Taxes

Compulsory financial charges or levies imposed by a government on individuals, businesses, or transactions to fund public services and infrastructure.

Supply

The total amount of a product (goods and services) available for purchase at any specified price.

Single Tax

A fiscal policy advocating for a sole tax to be levied on a single source, often proposed as a tax on land value.

Economic Rents

Payments to a factor of production in excess of the cost needed to bring that factor into production.