The Idea in Economics That "There Is No Free Lunch

question 234

Multiple Choice

The idea in economics that "there is no free lunch" means that

• A) businesses would go bankrupt if they offered free lunches.
• B) the thought of a free lunch is often better than the reality of consuming it.
• C) there are opportunity costs involved even in free lunches.
• D) free lunches used by businesses to attract customers are an inefficient marketing ploy.

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Definitions:

Repetition

The action of repeating something that has already been said or written, often for emphasis or to aid memorization.

Vocabulary Explosion

A rapid increase in the number of words a child learns and uses, commonly observed between the ages of two and three.

Naming

The act or process of providing a name to a person, place, thing, or concept.

Cognitive

Relating to mental processes involved in knowledge, understanding, learning, and decision-making.