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In 1959, Festinger and Carlsmith conducted a classic experiment in which they asked participants to tell a lie (about how interesting a very boring study was) . The researchers paid participants either $1 or $20 to tell this lie. The same participants were then asked how interesting they really thought the study was. What did the researchers find?
Resource Constraints
Limitations on the availability of resources, such as time, money, and materials, that affect decision-making and outcomes.
Self-Sufficient
The ability of an individual or a community to provide for all of their needs, particularly in terms of producing food, without relying on external sources.
Opportunity Cost
The importance of the best alternative sacrifice due to choosing a particular path.
Bushel
A unit of volume that is used for measuring agricultural products such as grains, with the exact size varying by commodity and country.
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