What concept is illustrated by the adage, "There is no such thing as a free lunch"?
A) tradeoffs
B) scarcity
C) productivity
D) efficiency

Question

Quizplus · Accepted Answer

The adage "There is no such thing as a free lunch" means that everything has a cost, and one cannot get something for nothing. This illustrates the concept of tradeoffs, where every decision involves sacrificing one thing in order to gain something else.

What Concept Is Illustrated by the Adage, "There Is No