What Are Economists Illustrating When They Use the Phrase "There

question 98

Multiple Choice

What are economists illustrating when they use the phrase "There is no such thing as a free lunch"?

• A) how inflation increases prices
• B) that to get one thing, we must give up something else
• C) that nothing is free in a market economy
• D) that if something looks too good to be true, it probably is

---

Definitions:

Transfer

The act of moving ownership, rights, or interests in property, assets, or legal claims from one party to another.

Personal Property

Property that is not attached to real estate and includes tangible items like cars, furniture, and personal belongings.

Possessing

The act of having physical control or ownership of an object or property.

Hotel Operators

Individuals or companies responsible for running a hotel, including managing its daily operations and services provided to guests.