What does the saying "There is no such thing as a free lunch" mean?
A) Even people on welfare have to pay for food.
B) The cost of living is always increasing.
C) To get something we like, we usually have to give up another thing we like.
D) All costs are included in the price of a product.
Correct Answer:
Verified
Q15: Which of the following is NOT a
Q16: In most societies, who allocates resources?
A) a
Q17: What does economics study?
A) finance
B) how society
Q18: What is an economy experiencing when a
Q19: What does economics study?
A) how society manages
Q21: What are economists illustrating when they use
Q22: Which concept best defines efficiency?
A) absolute fairness
B)
Q23: What happens when society requires that firms
Q24: What is one definition of equity?
A) equality
B)
Q25: Henry decides to spend two hours swimming
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