When economists say there is no such thing as a free lunch,they mean that
A) we must pay money for everything we get.
B) it is against the law to accept goods or services without paying for them.
C) when we eat lunch,our time has no value.
D) each day we decide to eat lunch is another day we must pay out money.
E) every choice we make involves a trade-off.

Question

Quizplus · Accepted Answer

The phrase "there's no such thing as a free lunch" is rooted in the concept of opportunity cost – the idea that every choice has a cost, even if it is not a direct monetary cost. Choosing to have a free lunch may mean giving up the opportunity to do something else with that time or money, so every choice involves a trade-off. This is the essence of economic decision-making.

When Economists Say There Is No Such Thing as a Free