What is the economic meaning of the expression that "there is no such thing as a free lunch"?
A) It refers to "free-riders," who do not pay for the cost of a product but who receive the benefit from it.
B) It means that economic freedom is limited by the amount of income available to the consumer.
C) It means there is an opportunity cost when resources are used to provide "free" products.
D) It indicates that products only have value because people are willing to pay for them.

Question

Quizplus · Accepted Answer

The expression "there is no such thing as a free lunch" means that everything has a cost, even if it is not immediately apparent. If resources are used to provide a "free" product, there is still an opportunity cost because those resources could have been used to produce something else. Therefore, the true cost of the "free" product is not zero.

What Is the Economic Meaning of the Expression That "There