"There Is No Such Thing as a Free Lunch

question 47

Multiple Choice

"There is no such thing as a free lunch." This statement best reflects the fact that

• A) consumers are unwilling to pay for a good unless it provides them with value.
• B) an opportunity cost is always present when scarce resources are used to produce a good.
• C) it generally requires enormous effort to search out the best place to eat lunch.
• D) the value of a good to consumers will decrease as they have more of it.

---

Definitions:

Pragmatic Problem Resolution

A practical approach to solving issues focusing on effective and efficient outcomes.

Self-praise

The act of recognizing or celebrating one's own achievements or qualities, contributing to self-confidence and motivation.

Covert Negative

Internal, negative thoughts or beliefs that are not openly expressed but influence feelings and behaviors.

Stimulus Control

The modification of behavior by manipulating the factors that trigger or discourage it.