The fallacy of false cause is committed when a person mistakenly assumes that one event causes another because the first event precedes the second.
a. true
b. false
Ans: a. true
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All of the following are government capital except
A) roads. B) schools. C) Treasury securities. D) mass-transit systems.
The period of time that is too short for the firm to change the quantity of certain resources used in production, known as fixed inputs, is called the short run
a. True b. False Indicate whether the statement is true or false
Which of the following is not an example of a transfer payment?
A) unemployment insurance payments B) health insurance payments to an army private C) social security payments to retirees D) social security payments to disabled persons
A tragedy of the commons occurs when a resource is
A) rival and excludable. B) rival and non-excludable. C) non-rival and excludable. D) non-rival and non-excludable.