Nikolaj Makes a New Year's Resolution to Lose Weight

question 68

Multiple Choice

Nikolaj makes a New Year's resolution to lose weight. On January 3 ^rd, he decides to go out for ice cream instead of going to the gym. Using the concept of revealed preference, economists would most likely conclude that Nikolaj:

• A)is not a rational individual.
• B)gains more utility from ice cream than working out.
• C)has changed his preferences.
• D)has no control over the actions he makes.

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Definitions:

Valid Arguments

Arguments where, if the premises are true, the conclusion must also be true, demonstrating a logical connection between premises and conclusion.

True Conclusion

A statement that logically follows from the premises of an argument, where the premises are true.

False Reference

An incorrect or misleading citation of a source or fact.

Genetics

The branch of biology concerned with the study of genes, genetic variation, and heredity in organisms.