When a tradeoff does NOT exist between two goods, the situation is known as
A) opportunity cost.
B) scarcity.
C) a free lunch.
D) zero cost production.
E) efficient production.

Question

Quizplus · Accepted Answer

A free lunch refers to a situation where there is no cost or tradeoff involved in obtaining something. Therefore, if there is no tradeoff between two goods, it means that we can get both goods without sacrificing anything else, and it is like getting a free lunch.

When a Tradeoff Does NOT Exist Between Two Goods, the Situation