The Phrase "No Such Thing as a Free Lunch" Means

question 107

Multiple Choice

The phrase "no such thing as a free lunch" means

• A)people must face tradeoffs.
• B)rational people think at the margin.
• C)people respond to incentives.
• D)trade can make everyone better off.

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Definitions:

Chronological

Pertaining to events ordered by time.

Cover Letter

A letter accompanying a job application that details the applicant's qualifications and enthusiasm for the vacancy.

Desired Position

The preferred or sought-after situation or status by an individual or entity.

Master Application

A comprehensive or principal application often used to manage or merge information across various platforms or systems.