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

question 260

Multiple Choice

The saying "There's no such thing as a free lunch," applies

• A) when there is some unemployment.
• B) on the production possibilities frontier.
• C) to unattainable combinations of goods and services.
• D) when more of one good can be produced without decreasing production of another.
• E) at all points inside the PPF.

---

Definitions:

Traffic Lights

Traffic lights are signaling devices positioned at road intersections and pedestrian crossings to control the flow of traffic by displaying lights of standard colors (red, amber/yellow, and green) indicating stop, caution, and go, respectively.

Staring

Fixing one's gaze on someone or something for a long period, often in a manner that can be perceived as intense or aggressive.

Confounding Variable

An outside influence that changes the effect of a dependent and independent variable being examined in an experimental or observational study.

Independent Variable

A variable in an experiment that is manipulated or changed by the researcher to observe its effects on the dependent variable.