The saying that "There's no such thing as a free lunch" refers to the:
A. marginal principle.
B. spillover principle.
C. principle of opportunity cost.
D. reality principle.
Answer: C
Economics
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What best describes the role of government in a free enterprise system?
What will be an ideal response?
Economics
In 1960, more than half (52 percent) of federal expenditures were for national defense. In 2003, national defense accounted for approximately
a. 60 percent of the federal budget. b. 44 percent of the federal budget. c. 29 percent of the federal budget. d. 21 percent of the federal budget.
Economics