Ginger Bought a Phone That Came with a $10 Rebate

question 77

Multiple Choice

Ginger bought a phone that came with a $10 rebate. Ginger should fill out and mail in the rebate form if:

• A)the opportunity cost of the time and trouble of sending in the rebate form is less than $10.
• B)the opportunity cost of the time and trouble of sending in the rebate form is more than $10.
• C)she would have bought the phone without the rebate, and so sending in the rebate form involves no opportunity cost.
• D)Ginger's surplus from purchasing the phone was less than $10.

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Definitions:

Achievement-Based Society

A social system in which individuals are rewarded and ranked based on their accomplishments and merit.

Government Handouts

Refers to financial assistance or benefits provided by the government to individuals or organizations, often criticized for creating dependency.

Large Gaps

Significant differences or disparities between groups, regions, or time periods, often referring to economic inequality, educational attainment, or technology access.

Basic Income

A financial security policy where all citizens receive a regular, unconditional sum of money from the government.