One of the lessons of economics is that “there is no such thing as a free lunch.”?
One of the lessons of economics is that “there is no such thing as a free lunch.”
That means that businesses, consumers and whole societies face tradeoffs whenever they make a decision.
•Explain a decision that you have made at work or concerning your career.
•Identify and explain the tradeoffs you faced.
•List the alternatives, identify the highest valued alternative, and explain the particular course of action you chose.
Deliverable Length: 3–4 paragraphs
One of the lessons of economics is that “there is no such thing as a free lunch.”
That means that businesses, consumers and whole societies face tradeoffs whenever they make a decision.
•Explain a decision that you have made at work or concerning your career.
•Identify and explain the tradeoffs you faced.
•List the alternatives, identify the highest valued alternative, and explain the particular course of action you chose.
Deliverable Length: 3–4 paragraphs