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muminat
3 years ago
15

In economics, the phrase "There is no such thing as a free lunch" means what?

Business
1 answer:
DENIUS [597]3 years ago
6 0

Answer:

C) .There are always resources that must be given up to produce and consume the lunch.

Explanation:

The phrase means that in economics, there is nothing that is genuinely free. Every decision has a cost implication that has to be meant by somebody.  In the example of a free lunch,  there is still a cost to be met. Even if a client is not charged for the food, the restaurant owner has to pay for labor and the materials used to prepare the lunch.

The phrase implies that all economic decisions have a cost behind them. Anyone offering anything for free must have a plan of recovering their costs.

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False

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8 0
3 years ago
Read 2 more answers
Suppose the civilian noninstitutionalized working age population is 35.9 million in Laborland, 4.6 million are working part time
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Answer:

The answers are:

A) 25.23 million people

B) 70.28%

C) 4.92 million people

D) 19.50%

Explanation:

Laborland's total labor force can be calculated by adding those who are employed and those who are unemployed but were searching for a job during the last month.

  • 4.6 million (part-time employed) + 15.71 million (full-time employed) + 3.2 million (looked for a job two weeks ago) + 1.72 million (looked for a job between two and four weeks ago) = 25.23 million people

Laborland's labor force participation rate can be calculated by dividing the labor force by the total population.

  • (25.23 million / 35.9 million) x 100% = 70.28%

Laborland's total unemployed can be calculated by adding the number of people without a job that searched for a job during the last month.

  • 3.2 million + 1.72 million = 4.92 million people

Laborland's unemployment rate can be calculated by dividing the total number of unemployed people by the total work force.

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6 0
3 years ago
Billy isn't sure he'll be able to rise to the challenge of pitching to a very important client at work, but his supervisor selec
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Answer:

d. blind

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The employer could help Billy overcome the problem of lack of self-awareness by encouraging him to reveal information about himself.

4 0
4 years ago
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