The Assertion That "There Is No Free Lunch" Means

question 106

Multiple Choice

The assertion that "There is no free lunch" means:

• A)there are always tradeoffs between economic goals.
• B)all production involves the use of scarce resources and thus the sacrifice of alternative goods.
• C)marginal analysis is not used in economic reasoning.
• D)choices do not need be made if behaviour is rational.

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Definitions:

Salivary Glands

Exocrine glands in the mouth that produce saliva, which begins the process of digestion and helps maintain oral hygiene.

Mesentery Proper

A fold of the peritoneum connecting the intestines to the posterior abdominal wall, providing support and containing blood vessels.

Serous Membrane

A thin membrane that covers internal body cavities and secretes a fluid that keeps the membrane moist; also known as serosa.

Lesser Omentum

The lesser omentum is a double layer of peritoneum extending from the liver to the lesser curvature of the stomach and the beginning of the duodenum.