WONDER #1341: Why Isn’t Everything Free?

Question 1 of 3

Which economist popularized the saying “there’s no such thing as a free lunch”?

  1. Harvey Weinstein
  2. Thomas More
  3. Barack Obama
  4. Milton Friedman

Question 2 of 3

“There’s no such thing as a free lunch” is often used to illustrate which economic principle?

  1. opportunity cost
  2. supply and demand
  3. macroeconomics
  4. inelastic supply

Question 3 of 3

If you have a choice of either going to your best friend’s birthday party or attending a concert with a new friend who offers you free tickets, the true cost of those free tickets would be what according to Milton Friedman?

  1. the cost of gas to get to the concert
  2. $29.95
  3. missing your best friend\'s birthday party
  4. the price of a concert t-shirt

Check your answers online at https://wonderopolis.org/wonder/why-isnt-everything-free.