Which of the following might explain the evidence of an endowment effect in behavioral economics?

Economic freedom means that

A) some goods and services are free. B) firms are regulated by the government. C) people are able to make personal choices and their property is protected. D) the nation's government is a democracy. E) the rule of law does not apply.

Division of labor has caused output to rise dramatically since the industrial revolution

a. True b. False Indicate whether the statement is true or false