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 when scarce resources are used up for free lunches
D. Businesses use free lunches to attract customers but this advertising practice is inefficient
Answer:C
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 when scarce resources are used up for free lunches D. Businesses use free lunches to attract customers but this advertising practice is inefficient