Consider the following argument: "A lot of people have said that the new Thai restaurant is really good. So, I bet it is." Which of the following fallacies has been committed in this argument?
A. the fallacy of appeal to pity
B. a bandwagon argument
C. the fallacy of equivocation
D. There is no fallacy committed in this argument
Answer: D
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When companies get together to fix prices, the result is a ______________
a. A consortium of suppliers. b. An oligopoly. c. A monopoly. d. None of the above.
Who among the following is the most notable religious specialist of indigenous peoples who acts as an intermediary linking the human and spirit worlds?
A) A shaman? B) ?A deity C) ?A trickster D) ?A guru
Indigenous sacred ways are not static but change with time
Indicate whether the statement is true or false
Which of the following best represents Adam Smith’s view of government intervention in advancing public welfare?
a. Governments are responsible for intervening when it benefits the middle class. b. Governments should let individuals pursue their own self-interests, and buy and sell whatever they wish. c. Humans do not behave like rational economic creatures and must be forced into such behaviors. d. Governments can influence a consumer’s desire to save, thereby lowering aggregate demand.