The association-causation fallacy is the error of assuming that what is true for one member of a group must be true for the group
a. True
b. False
B
You might also like to view...
In the short run, firms increase output
A) only by increasing the size of their plant. B) only by decreasing the size of their plant. C) only by increasing the amount of labor used. D) only by decreasing the amount of labor used. E) either increasing the amount of labor used or increasing the size of their plant.
In the United States, the average length of expansions from 1950 to 2009 was more than twice as long than they were from 1900 to 1950
Indicate whether the statement is true or false
When the U.S. economy hits a recession, fiscal policy automatically becomes:
A. expansionary because average tax rates go down and spending on welfare programs goes up. B. discretionary because the government is quick to react to changes in the business cycle. C. contractionary because average tax rates go up and spending on welfare programs goes down. D. contractionary because average tax rates go down and spending on welfare programs goes up.
Exhibit 7-19 Long-run perfectly competitive industry
?
As shown in Exhibit 7-19, assume that a perfectly competitive industry is in long-run equilibrium at point A and the demand curve shifts from D1 to D2. The result is a long-run supply curve drawn from point:
A. A to point B. B. B to point A. C. A to point D. D. A to point C.