What does "there is no such thing as a free lunch" mean in economics?
A) Scarce resources are used up to provide "freebies" and giveaways.
B) Sometimes people may take friends out to lunch and pay for them.
C) All items in the lunch menu have specific prices.
D) Products only have value because people are willing to pay for them.

Question

Quizplus · Accepted Answer

In economics, "there is no such thing as a free lunch" means that resources have to be used up to provide goods and services, even if they are marketed as "free." Scarce resources such as time or materials will be consumed in order to provide the good or service, and someone will ultimately have to pay for it, directly or indirectly.

What Does "There Is No Such Thing as a Free