Multiple Choice
"If Tom had twice as much money, he could consume twice as much. If everyone had twice as much money, they could consume twice as much." This quote illustrates
A) the difference between positive and normative economics.
B) the fallacy of composition.
C) that association is not causation.
D) the law of unintended consequences.
Correct Answer:

Verified
Correct Answer:
Verified
Q199: The highest valued alternative option that must
Q200: The Latin phrase "ceteris paribus" means<br>A) that
Q201: Economic choice and competitive behavior are the
Q202: Which of the following statements is correct
Q203: During the last four decades, the composition
Q205: The private sector cost of tax revenues
Q206: Economists use the term ceteris paribus to
Q207: How has the structure of the personal
Q208: Which of the following could be considered
Q209: Which of the following is true of