If you observe that Kelly Clarkson won American Idol 3 years before Carrie Underwood won, and you conclude that Kelly Clarkson winning caused Carrie Underwood to win 3 years later, you would be guilty of an error called the
A. post hoc, ergo propter hoc fallacy.
B. fallacy of logic.
C. fallacy of inductive reasoning.
D. fallacy of ceteris paribus.
Answer: A
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Which of the following is a series of rules that stops trading on an exchange for a relatively short period of time?
a. program trading b. market limits c. stop orders d. circuit breakers
________________ is defined as "an unconscionable or exorbitant rate of interest."
Fill in the blank(s) with the appropriate word(s).
Which of the following concepts best explains why the distance between A and B is 0.1 but the distance between C and D is only 0.75?
a. expenditure multiplier
b. marginal propensity to consume
c. marginal propensity to save
d. unplanned inventory investment
If you hear a person saying "I lost my job because I was replaced by a machine," you should conclude that this person is ________ unemployed.
A. seasonally B. cyclically C. structurally D. frictionally