Question

The adage, "There is no such thing as a free lunch," is used to illustrate the principle that Select one: a. goods are scarce. b. people face tradeoffs. c. income must be earned. d. households face many decisions.

Answer 1

The adage, 'There is no such thing as a free lunch,' illustrates that people face tradeoffs because resources are limited and every choice has a cost.

Step-by-step explanation:

The adage, "There is no such thing as a free lunch," is used to illustrate the principle that people face tradeoffs. In economics, tradeoffs refer to the choices individuals or societies make when they give up something in order to obtain something else. Every choice has a cost because resources are limited, and people cannot have everything they want. For example, in the scenario mentioned, a restaurant that gives away free appetizers has to recover the cost by raising prices for other customers. The idea behind the adage is that even when something appears to be free, someone always has to pay for it in the end.

Answer 2

Answer:c. income must be earned.

Step-by-step explanation:

This means one is expected to go to work everyday as stated in their contract and when they get there they need to do their work.

One can not go to work and just sit at the office and discuss current affairs with the colleagues unless it is lunch time.

When one works they get paid ,however when they stay at home and not work or go to work they can not expect to be paid .