Question

There is no such thing as a free lunch. A. True B. False

Answer 1

Answer:

A) True, There is no such thing as a free lunch is a popular term used in Economics.

Explanation:

The term "There is no such thing as a free lunch" is one of the popular phrases used in Economics. This is used to convey that it is impossible to get something in exchange for nothing. This statement is also applied in the field of Science and Finance.

In the field of Science, we have the basic rule of the universe that there is no source of energy that doesn't depend on an exhaustible resource. The abbreviation TINSTAAFL or TANSTAAFL is used to describe this phrase. TINSTAAFL also describes the concept of Opportunity Cost, according to which there's always a choice(alternative) left behind when you choose something in realtime.  Hence, we can say that TINSTAAFL is true.