Environmentalists continually argue for the use of alternatives to fossil fuels for generating energy. For example, harnessing wind by creating wind farms has been one alternative proposed and implemented. When it is found that these wind farms lead to the slicing and dicing of migratory birds and the decimation of local bat populations, we could say that environmentalists have committed the
a. fallacy that assocation is causation
b. fallacy of composition
c. fallacy of segmentation
d. mistake of ignoring secondary effects
e. mistake of ignoring the obvious
D
You might also like to view...
Suppose you win a small lottery and you are given the following choice: You can receive (1) an immediate payment of $10,000 or (2) two annual payments, each in the amount of $5,200, with the first payment coming one year from now, and the second payment coming two years from now. You would choose to take the immediate payment of $10,000 if the interest rate is
a. 2 percent, but not if the interest rate is 1 percent. b. 3 percent, but not if the interest rate is 2 percent. c. 4 percent, but not if the interest rate is 3 percent. d. 5 percent, but not if the interest rate is 4 percent.
Define the following terms and explain their importance to the study of economics. a. Principle of marginal productivity b. Marginal physical product c. Marginal revenue product d. Derived demand e. Economic rent
What will be an ideal response?
The statistical analysis of economic data is referred to as:
A. econometrics. B. calculus. C. deductive reasoning. D. microeconomics.
Which of the following is most likely an inferior good?
A. Nike running shoes. B. Generic canned food. C. Rolex watches. D. A custom-built mansion.