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If Economics Is Correct in Its Assumption That People Are

question 54

Essay

If economics is correct in its assumption that people are rational, why then would anyone choose to smoke cigarettes?


Definitions:

Controversial Theories

hypotheses or speculations that provoke debate and disagreement within the academic community or wider society due to their challenging nature.

Beliefs

Convictions or acceptances that something exists or is true, especially without proof.

Fear

An emotional response to a perceived threat, which triggers a physiological reaction aimed at avoiding or confronting the danger.

Predict

To declare or indicate a future event or outcome based on observation, experience, or scientific reasoning.

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