[Solved] The assertion that there is no free lunch

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The assertion that there is no free lunch means that there are always trade - offs between economic goals. all production involves the use of

The assertion that "there is no free lunch" means that

there are always trade

-

offs between economic goals.

all production involves the use of scarce resources and thus the sacrifice of alternative goods.

marginal ana

ysis is used in economic reasoning.

choices need not be made if behavior is rational.

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