Multiple Choice
Whenever the Democrats gain control of the Congress, spending on social programs increases; whenever Republicans gain control of the Congress, spending on defense increases. Hence, we know what the next party in control will do. This statement is an example of
A) fallacy of inductive reasoning.
B) post hoc, ergo propter hoc fallacy.
C) fallacy of composition.
D) ceteris paribus fallacy.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: Economists often refer to risk-free ventures as<br>A)
Q38: You own the Star Wars six DVD
Q57: The cost involved when choosing between alternatives
Q67: Refer to the information provided in Figure
Q129: The four criteria that are frequently used
Q176: Refer to the information provided in Figure
Q180: If the slope of a straight line
Q190: The study of economics<br>A) is a very
Q196: A market in which profit opportunities are
Q199: The mistake of inferring causality from two