This topic contains a solution. Click here to go to the answer

Author Question: Which economic concept is the closest to the saying, There's no such thing as a free lunch? a. ... (Read 76 times)

Yolanda

  • Hero Member
  • *****
  • Posts: 757
Which economic concept is the closest to the saying, There's no such thing as a free lunch?
 a. Specialization
  b. Unlimited wants
  c. Underutilization of resources
  d. Opportunity costs
  e. Overutilization of resources

Question 2

Economists believe that people respond to incentives in predictable ways. Therefore, if the government imposed a tax on each child born, you would expect that:
 a. families would have the same number of children, but wait longer to begin having them.
  b. more children would be born, but spaced further apart.
 c. more children would be adopted.
 d. fewer children would be born.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

d

Answer to Question 2

d




Yolanda

  • Member
  • Posts: 757
Reply 2 on: Jun 30, 2018
Excellent


nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

For a complete list of videos, visit our video library