When Economists Say There Is No Such Thing as a Free

question 197

Multiple Choice

When economists say there is no such thing as a free lunch,they mean that

• A) we must pay money for everything we get.
• B) it is against the law to accept goods or services without paying for them.
• C) when we eat lunch,our time has no value.
• D) each day we decide to eat lunch is another day we must pay out money.
• E) every choice we make involves a trade-off.

---

Definitions:

Black Housing

The residential spaces and communities predominantly occupied by African Americans, often marked by historical and systemic disparities.

Redlining

A discriminatory practice by banks and other financial institutions that refuse or limit loans, mortgages, insurance, etc., within specific geographic areas, often based on race.

Postwar Period

The era immediately following the end of a war, often marked by reconstruction, realignment of political powers, and societal changes.

De Facto Segregation

Racial separation that occurs in practice but is not enforced by law, often seen in housing, education, and employment.