Suppose you observe that the sun sets every evening after the six o'clock business report. If you conclude that the six o'clock business report makes the sun set, you are guilty of the fallacy of:
A) division.
B) composition.
C) false cause.
D) science.
Ans: C) false cause.
Economics
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According to New Keynesians, which of the following is one of the two key factors that determines the inflation rate?
A) stock prices B) oil prices C) fiscal policy D) anticipated future inflation
Economics
The farther the Lorenz curve from the line of perfect equality, the lower is the income inequality
a. True b. False Indicate whether the statement is true or false
Economics
Voluntary trade promotes economic progress because
What will be an ideal response?
Economics
If there is moderate growth, we have a zero-sum economy.
Answer the following statement true (T) or false (F)
Economics