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The right lung is about how much shorter than the left?
Human Action
The study of human behaviour, particularly in the context of individuals' decisions and actions in the economy.
Rational Choice
A theory in economics and sociology that suggests individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.
Irrational Choice
A decision made contrary to the conventional understanding of economic rationality, not maximizing utility.
Incentives
Rewards or penalties that motivate individuals to perform an action or avoid it.
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