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You have observed that every time you do 30 minutes of cardio exercise before taking an exam you get an A. You therefore conclude that to get an A on an exam, all you have to do is 30 minutes of cardio exercise before you take an exam. You have committed the fallacy of composition. Causation fallacy fallacy of inductive reasoning. O post hoc fallacy.

You have observed that every time you do 30 minutes of cardio exercise before taking an exam you get an A. You therefore conclude that to get an A on an exam, all you have to do is 30 minutes of cardio exercise before you take an exam. You have committed the fallacy of composition. Causation fallacy fallacy of inductive reasoning. O post hoc fallacy.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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You have observed that every time you do 30 minutes of cardio exercise before taking an exam you get an A. You therefore conclude that to get an A on an exam, all you have to do is 30 minutes of cardio exercise before you take an exam. You have committed the fallacy of composition. Causation fallacy fallacy of inductive reasoning. O post hoc fallacy.
Transcribed Image Text:You have observed that every time you do 30 minutes of cardio exercise before taking an exam you get an A. You therefore conclude that to get an A on an exam, all you have to do is 30 minutes of cardio exercise before you take an exam. You have committed the fallacy of composition. Causation fallacy fallacy of inductive reasoning. O post hoc fallacy.
The concept of trade-offs would become irrelevant if capital were eliminated. O poverty were eliminated. scarcity were eliminated. we were dealing with a very simple, one-person economy.
Transcribed Image Text:The concept of trade-offs would become irrelevant if capital were eliminated. O poverty were eliminated. scarcity were eliminated. we were dealing with a very simple, one-person economy.
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