(Consider This) The assertion by economists that "there is no free lunch":
A. is contradicted by the presence of free goods offered by firms.
B. applies to goods that have prices, not to goods given away free by firms.
C. remains true even for goods given away free by firms.
D. applies to agricultural goods but not to manufactured goods.
Answer: C
Economics
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Refer to the table above. What is the market demand for wine when the price is $3?
A) 50 units B) 35 units C) 66 units D) 28 units
Economics
In consumer lending, asymmetric information
A) happens only with securitization. B) cannot be dealt with using the same techniques as in business lending. C) can be partly offset using the same techniques as in business lending. D) may be virtually eliminated as a problem by just a collateral requirement.
Economics