Which economic concept is illustrated by the saying "You can't have your cake and eat it too"?

a. Private property rights
b. Economic freedom
c. Scarcity
d. Opportunity cost
e. Gains from trade

d

Economics

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The responsibility of paying for the Social Security benefits for currently retired individuals falls on

A) current and future workers. B) the retired people themselves. C) no one, since the government prints the money. D) only working people over 50 years of age.

Economics

Nobody benefits from inflation

Indicate whether the statement is true or false

Economics