The idea in economics that "there is no free lunch" means that:
A. Businesses would go bankrupt if they offered free lunches
B. The thought of a free lunch is often better than the reality of consuming it
C. There are opportunity costs involved even in free lunches
D. Free lunches used by businesses to attract customers is an inefficient marketing ploy
Answer: C
You might also like to view...
The data in the table above give two points on the demand curve for pizza. Using the midpoint method, when the price of a pizza falls from $10 to $9, what is the price elasticity of demand?
A) 0.5 B) 0.6 C) 0.9 D) 2.1 E) 8.6
In a closed economy, investment must be equal to private saving
a. True b. False Indicate whether the statement is true or false
Deflation is to the price level as disinflation is to ______.
a. inflation b. the inflation rate c. relative price d. a price index
Why did the Fed shift its policy target towards the federal funds rate
What will be an ideal response?