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Sociologists who studied drug use in the 1950s and 1960s emphasized that the neophyte user had to learn to enjoy the effects of drugs before he/she became a regular user. Does this model still hold up as an adequate explanation for understanding drug use today? Or is it obsolete? Or does it need to be supplemented with other factors rather than being replaced?
Convex Set
In mathematics, a set where, for every pair of points within the set, every point on the line segment between them is also within the set.
Interest Rate
The cost of borrowing funds, typically expressed as a percentage of the total amount loaned, which accrues over time.
WARP
stands for Weak Axiom of Revealed Preference, a principle in consumer theory that states if a consumer prefers bundle A to bundle B when both are affordable, then the consumer will not choose B when A is affordable.
Lender
A person, organization, or entity that provides funds to others under the agreement that the funds will be repaid, typically with interest, over a specified period.
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