Which economic concept is the closest to the saying, "There's no such thing as a free lunch"?
A) Specialization
B) Unlimited wants
C) Underutilization of resources
D) Opportunity costs
E) Overutilization of resources
Correct Answer:
Verified
Q21: Goods are scarce when:
A)their price is too
Q22: Which of the following should not be
Q23: Economics is:
A)concerned with the problem of scarce
Q24: Which of the following statements concerning opportunity
Q25: Ronnie waits one hour in queue to
Q27: Choices need to be made because of
Q28: Which of the following statements is true?
A)Goods
Q29: Which of the following sayings best represents
Q30: The concept of scarcity as used by
Q31: Opportunity cost is best defined as the:
A)sum
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