The Expression "There's No Such Thing as a Free Lunch

question 128

Multiple Choice

The expression "There's no such thing as a free lunch" means that

• A)services may be free, but goods are never free
• B)even if it has a price of zero, a good or service has a cost
• C)charitable organizations should not serve free lunches to the poor
• D)poor people are really the ones who pay for their allegedly free lunches
• E)someone has to pay the market price for a good or service

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Definitions:

Normal Distribution

A bell-shaped curve that represents the distribution of a set of data where most values cluster around a central region, with values tapering off symmetrically in both directions from the center.

Sampling Distribution

The distribution of a statistic (like the mean or proportion) obtained from a large number of samples drawn from the same population.

Sampled Population

The population from which the sample is taken.

Targeted Population

A group of individuals sharing one or several characteristics that a study is designed to analyze.