<u>Explanation:</u>
Here the responses to the questions;
<u>False</u> 1. The best things in life are free.
False 2. The largest cost of going to college is tuition and books.
<u>True</u> 3. "Anything worth doing is worth doing well."
<u>True</u> 4. Life is priceless and should be sustained at any cost.
<u>True</u> 5. We can help the poor by regulating prices and keeping them low.
<u>False</u> 6. Recycling newspapers helps reforest our lands.
<u>True</u> 7. One person's benefit in the market is someone else's loss.
<u>False</u> 8. People who work the hardest get the most money.
<u>True</u> 9. It is a good idea to seek all of the information about a product before making a purchase.
<u>False</u> 10. Raising the minimum wage is the best way to help unskilled workers.
<u>False</u> 11. Rich people don't face the problem of scarcity.
<u>True</u> 12. It is a good idea to make an informed choice and stick to it.
The hindsight bias is often referred to as the "I-knew-it-all-along phenomenon." It involves the tendency people have to assume that they knew the outcome of an event after the outcome has already been determined
Hot dog is comes out on a bun. It is popular in countries that celebrate 4th of July.
