Identify Any Fallacies in the Following Passage Either by Naming

question 16

Short Answer

Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
This business of American car manufacturers having joint ventures with foreign car makers really stinks. Think of the consequences of not being able to buy American-made cars. No jobs for American car workers, no big cars, no ready supply of parts, no consumption of American steel. I think we should prohibit joint ventures.

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Definitions:

Projected Benefit Obligation

An actuarial estimate of the total present value of future retirement benefits earned to date, adjusted for expected future salary increases.

Prior Service Cost

The expense recognized in pension accounting when a plan is amended to increase benefits for service provided by employees in prior years.

Ending Balance

The amount of money in an account at the end of a financial period, after all transactions have been accounted for.

Plan Assets

The resources set aside to pay employee benefits under a pension or other post-employment benefit plan.