Aristotle writes, "What is common to many is taken least care of, for all men have greater regard for what is their own than for what they possess in common with others.". In this statement, Aristotle is referring to the free-rider problem that occurs when a person receives the benefit of a good without paying for it

According to the U.S. Secret Service, approximately $2.6 billion of U.S. paper currency in circulation is counterfeit. As long as counterfeit U.S. currency remains undetected and in circulation, an increase in the U.S

inflation rate would essentially A) decrease the real value of the counterfeit currency. B) increase the nominal value of the counterfeit currency. C) increase the real value of the counterfeit currency. D) decrease the nominal value of the counterfeit currency.

Before digital photography, most film processing companies had a policy of printing every picture on a roll of film and allowing customers to request a refund for pictures that were not clearly developed

The companies did this knowing that most customers did not ask for refunds. This was an example of consumers A) being overly optimistic about their future behavior. B) not making themselves aware of the policy regarding refunds. C) failing to ignore sunk costs. D) not taking nonmonetary opportunity costs into account.