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Which of the following best defines the differential association theory?
Behavioral Economics
An area of economic research that examines how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions.
Neoclassical Economics
An approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
Behavioral Economics
A field of economics that studies how psychological, cognitive, emotional, cultural, and social factors affect economic decisions.
Rationality
In economics, rationality refers to the assumption that individuals make decisions based on complete information, aiming to maximize their benefit or utility.
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