Item 2
(1) The saying goes, “Find a penny, pick it up. (2) All day long, you’ll have good luck.” (3) According to economists, however, stopping to pick up a penny is a waste of time: for those few seconds of “work,” you earn less than minimum wage. (4) Considering that the penny has virtually no purchasing power, it does nothing except add unnecessary weight to our pockets and purses. (5) The United States should follow the lead of other countries and discontinue the penny, because it is obsolete and costs more than it is worth.

(6) The penny has become useless as a means of exchange. (7) As economist Greg Mankiw says, “When people start leaving a monetary unit at the cash register for the next customer, the unit is too small to be useful.” (8) Pennies once had notable value, but decades of increasing prices sapped their individual buying power, and today you can’t even use them in vending machines or parking meters. (9) It’s no wonder that pennies get tossed in fountains, forgotten under sofa cushions, or abandoned on the sidewalk.

(10) In 2001, it cost 0.79 cents to make a penny, but now, with metal costs increasing, the cost has changed in a noteworthy way. (11) Thus, the United States Mint loses money for every penny it produces; in 2014, for instance, it lost $55 million producing pennies. (12) They also waste retailers’ and consumers’ time. (13) A recent study showed that counting pennies at the register adds an average of two seconds to every cash transaction. (14) This adds up to about 2.4 hours a year for the average American.

(15) Penny defenders fear that rounding prices to the nearest nickel will result in higher prices for consumers. (16) However, other countries, such as Canada and New Zealand, have successfully retired the penny without a significant increase in prices. (17) Moreover, the United States retired the half cent in 1857 when it lost its value and saw no ill effects in the economy.

(18) Despite the compelling reasons to get rid of the penny, nearly half of Americans oppose the idea. (19) In 2013, President Obama acknowledged that people have a sentimental attachment to the penny.

In sentence 19 (reproduced below), the writer wants to change the conclusion by adding a direct quotation that both reinforces the main argument of the passage and places that argument in a broader context.

In 2013, President Obama acknowledged that people have a sentimental attachment to the penny.

Which version of the underlined text best accomplishes this purpose?


penny, saying, “We remember our piggy banks and counting out all the pennies and then taking them in and getting a dollar bill or a couple of dollars from it.”

A. penny and argued that discontinuing the penny “is not going to be a huge savings for government.”
B.penny but argued that the coin is a sign of government inefficiency, calling it “a good metaphor for some of the larger problems that we’ve got.”
C. penny and, in an interview, said that the issue is “one of those things where I think people get attached emotionally to the way things have been.”
D. penny and, when asked why the penny hasn’t been withdrawn from circulation yet, replied, “I don’t know.”

Answer:

A

Explanation:

Penny argued that discontinuing the penny “is not going to be a huge saving for the government.”Hence, option B is appropriate.

The very first U.S. Penny was created in 1787, and throughout its history, the cent has been largely struck as a copper and copper-plated coin. Since 1909, the centenary of President Abraham Lincoln's birth, the penny has been struck in its present incarnation as the Lincoln cent, with the obverse bearing the president's likeness.

The penny was the first legal tender inside the United States after George Washington approved the Mint Act of 1792. Benjamin Franklin came up with the idea for the first one-cent piece, and for more than 200 years the penny's shape has stood for the spirit of the country, from Liberty to Lincoln.

According to legend, the very first American penny was created by Benjamin Franklin in 1787. It is referred to as Fugio cent and features the words "Mind Your Business" atop a depiction of the sun and a sundial. 13 links, each of which represents one of several original colonies.

Hence, option B is correct.

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