Which of the Following Terms Designates an Error Made When

question 46

Multiple Choice

Which of the following terms designates an error made when assumptions about individuals are made based on aggregate data?

• A)Spuriousness
• B)Reductionism
• C)Tautology
• D)Ecological fallacy
• E)Teleology

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Definitions:

Total Surplus

The total net gain to society from the creation and utilization of a product or service, expressed as the combined value of consumer surplus and producer surplus.

Positively Sloped

Characterizes a line or curve on a graph that moves upward as one moves from left to right, indicating a direct relationship between two variables.

Negatively Sloped

Describes a downward trend in a graph, indicating an inverse relationship between two variables, such as price and demand.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefit to society from the production and consumption of goods or services.