According to the text,there is no such thing as a free lunch because
A)The producer must charge something to cover the cost of production.
B)Resources used to produce the lunch could be used to produce other goods and services.
C)The government must raise taxes to pay for the lunches.
D)No one would pay for lunch anymore if they could get it for free.

Question

Quizplus · Accepted Answer

The phrase "there is no such thing as a free lunch" reflects the economic principle of opportunity cost, which states that in order to obtain something, we must give up something else. This means that even if something appears to be free, there are always costs associated with producing it, such as resources that could have been used to produce other goods and services. Therefore, the answer is B.

According to the Text,there Is No Such Thing as a Free