The theory of rational addiction
A) Holds that the consumption of addictive substances is simply an expression of consumer preferences
B) Explains that addictive substances are distinguished only by consumer behaviors
C) Fails to explain cigarette consumption in the U.S
D) Is the most dominant theory in economics

Question

Quizplus · Accepted Answer

The theory of rational addiction postulates that addictive behavior is a result of rational choices made by individuals, based on their preferences and available information. It implies that individuals may continue to consume addictive substances despite negative long-term consequences because the immediate pleasure derived from the consumption outweighs the potential negative impact.

B) is incorrect because the theory does acknowledge the unique characteristics of addictive substances, such as the potential for tolerance, withdrawal symptoms, and compulsive consumption.

C) is incorrect because the theory has been applied to explain cigarette consumption patterns in the U.S and other countries.

D) is incorrect because while it is a prominent theory in economics, it is not the only or most dominant one.

The Theory of Rational Addiction