Which Pitfall to Sound Economic Reasoning Is Reflected in a Person's

question 43

Multiple Choice

Which pitfall to sound economic reasoning is reflected in a person's view that "pharmaceutical and oil companies are price-gouging the consumers"?

• A)faulty definition
• B)post hoc fallacy
• C)loaded terminology
• D)confusing correlation and causation

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Definitions:

Genes

Units of heredity that are made up of DNA and are responsible for the inherited characteristics in living organisms.

Phenotype

The observable characteristics or traits of an organism, such as its morphology, development, biochemical or physiological properties, behavior, and products of behavior.

Genotype

The genetic makeup of an organism, consisting of the inherited alleles and serving as the blueprint for an organism's traits.

Monozygotic Twins

Twins that are genetically identical as they were formed from a single fertilized egg that split into two, sharing 100% of their DNA.