The adage, "There is no such thing as a free lunch," is used to illustrate the principle that Naim 23:07 ECO101 The adage, "There is no such thing as a free lunch," is used to illustrate the principle that a. goods are scarce. b. people face trade offs. c. income must be earned. d. households face many decisions. Answer: b Learn More : Share this Share on FacebookTweet on TwitterPlus on Google+