The saying that "There's no such thing as a free lunch" refers to the

A) spillover principle. B) marginal principle.
C) principle of opportunity cost. D) reality principle.

C

Economics

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Many people consider hot dogs to be an inferior good. For such people, all else held constant, a decrease in income would cause their demand for hot dogs to:

A) increase. B) stay the same. C) decrease. D) cannot be determined with the information given.

Economics

High unemployment is undesirable because it

A) results in a loss of output. B) always increases inflation. C) always increases interest rates. D) reduces idle resources.

Economics