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What Is the Difference Between Preferences and Beliefs

Question 10

Multiple Choice

What is the difference between preferences and beliefs?


A) Beliefs are based on correct knowledge about the world, and preferences are based on the way we think the world works.
B) Preferences reflect what people know, and beliefs reflect what people want.
C) Beliefs reflect people's views on moral issues, and preferences reflect people's views on economic issues.
D) Preferences reflect people's views on moral issues, and beliefs reflect people's views on economic issues.
E) Beliefs reflect what people know, and preferences reflect what people want.

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