The expression "There's no such thing as a free lunch" means
A) that even if the lunch is free, we pay for it in extra calories
B) that resources used up in producing the lunch are not available to satisfy other wants
C) the same thing as "The best things in life are free"
D) you can eat only if you work first
E) neither sea water nor air is free
Correct Answer:
Verified
Q37: In economics, capital is defined as
A)natural resources,
Q38: Resources are used only in the production
Q39: "Natural resources" refers
A)bodies of water
B)trees
C)oil reserves
D)minerals
E)All of
Q40: Economists classify all of the following as
Q41: Choices made by economic decision makers
A)are government
Q43: The assumption of rational self-interest does not
Q44: A product that is physical and tangible
Q45: A good or service is considered scarce
Q46: Goods and services are exchanged in
A)product markets
B)resource
Q47: The difference between a good and a
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