Why are people more inclined to pick up a dime off the pavement in a parking lot, but not so inclined to dig three feet into the earth for a previously-buried dime?
A) The entrepreneurial spirit of Americans is gone.
B) They don't know the value of the dollar—or dime—anymore.
C) They weigh the expected additional costs and benefits, and choose accordingly.
D) People haven't taken enough economics in college.
C
Economics
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The poverty rate for African Americans has remained approximately equal in the U.S. since the late 1950s
a. True b. False Indicate whether the statement is true or false
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Given its production possibilities curve, the optimal combination of outputs for a society: a. is beyond the production possibilities curve
b. is at the midpoint of the production possibilities curve. c. is inside the production possibilities curve. d. depends on the preferences of that society.
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