Examlex
According to the circular flow diagram, the dollar value of a nationʹs output is equal to
Free Lunch
A term that implies you cannot get something for nothing, often used in the context that every choice has a cost.
Fallacy Of Inductive Reasoning
The fallacy of inductive reasoning occurs when a conclusion is drawn from insufficient evidence or from specific instances that do not reliably lead to a general conclusion.
Post Hoc, Ergo Propter Hoc
A logical fallacy where it is assumed that because one event followed another, the first event was the cause of the second.
Fallacy Of Division
The erroneous assumption that what is true of a whole necessarily applies to its individual parts or members.
Q68: Discouraged workers_ counted as officially unemployed because
Q83: The circular flow diagram shows only the
Q132: Suppose the labor force in Tiny Town
Q158: Explain the role played by technological change
Q277: Gross private domestic investment is a component
Q316: One way to be considered unemployed is
Q362: The data show Argentina?s GDP using
Q371: If the CPI for this year is
Q413: When the price of a normal good
Q496: An ice cream cone costs $1.50. A