What important economic concept does TANSTAAFL stand for?

a.

“There ain’t no such thing as a free lunch.”*
b.

“There ain’t no such thing as a federal government.”
c.

“There are nominal state taxes always added for lying on taxes.”
d.

None of these are the correct answer.

1 answer

The correct answer is:
a. “There ain’t no such thing as a free lunch.”*

TANSTAAFL is an acronym that emphasizes the idea that one cannot get something for nothing; even if something appears to be free, there is always a cost involved, whether it is direct or indirect.

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