What Does "There Is No Such Thing as a Free

question 60

Multiple Choice

What does "there is no such thing as a free lunch" mean in economics?

• A) That scarce resources are used up to provide "freebies" and giveaways
• B) That sometimes people may take friends out to lunch and pay for them
• C) That all items in the lunch menu have specific prices
• D) That products only have value because people are willing to pay for them

---

Definitions:

Adolescents

Individuals in the transitional stage of development between childhood and adulthood, typically between the ages of 13 and 19.

Foreclosure

in the context of identity development, is the premature commitment to an identity without adequate exploration of other options.

Diffusion Identity Statuses

A situation in psychological development where an individual has not yet explored or committed to a sense of identity.

Racial/Ethnic Identity

An individual's awareness and experience of being a member of a racial or ethnic group, influencing aspects of personal and social identity.