In the Three Months Before a $1 Per Pack Cigarette

question 58

Essay

In the three months before a $1 per pack cigarette tax took effect in Alaska, smokers bought 175 million more cigarettes than during the same period a year earlier. What explains this behavior by consumers?

Appreciate the evolutionary aspects of social cognition and behavior.

Understand the concept of fundamental attribution error and how it influences perception of others' behaviors.

Comprehend the neurological responses to attractiveness and eye contact based on fMRI studies.

Recognize the adaptiveness of relying on social categories for cognitive efficiency and survival.

---

Definitions:

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets, without relying on inventory.

Current Liabilities

Obligations or debts that a company is expected to pay within a year.

Assets

Resources owned or controlled by a business, viewed as providing future economic benefits.

Profitability

A measure of how much profit a business generates compared to its revenue or assets, indicating financial success.