The Argument Given or Described Involves Some Kind of Fallacy

question 44

Multiple Choice

The argument given or described involves some kind of fallacy. Identify the fallacy.
-One candidate favors eliminating affirmative action programs. The other candidate states: My opponent doesn't think there's anything wrong with discrimination."

• A)Hasty generalization
• B)Personal attack (ad hominem)
• C)Straw man
• D)Limited choice

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Definitions:

Real Rate

The interest rate adjusted for inflation, reflecting the true cost of borrowing and the true return on lending.

Inflation Rate

The growth rate of the overall cost level for goods and services, undermining the efficacy of monetary resources.

Spot Rate

The current price in the marketplace at which a given asset—such as a currency, commodity, or security—can be bought or sold for immediate delivery.

Forward Rate

The predetermined price for a transaction that will occur at a specific future date, used in the context of currency and interest rate markets.