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Suppose a New Way of Producing Fireworks Is Developed,using Different

question 35

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Suppose a new way of producing fireworks is developed,using different chemicals that do not release as many hazardous heavy metals into the environment.Which type of innovation is this?


Definitions:

Behavioral Economics

A field that combines insights from psychology and economics to investigate how individuals actually make decisions, challenging the assumption of perfectly rational agents.

Gum

A soft, cohesive substance designed for chewing, made from the sap of certain trees or synthesized materials.

Candy

A sweet tasting confection made from sugar and often combined with fruits, chocolate, or nuts.

Behavioral Economic Theories

A branch of economics that studies how psychological, social, and emotional factors affect economic decisions.

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