An Argument for a Practice That Is Based on the Popularity

question 46

Multiple Choice

An argument for a practice that is based on the popularity of that practice is an example of:

• A)false authority.
• B)straw man.
• C)false dilemma.
• D)appeal to common practice.

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Definitions:

Complementary Goods

Products which tend to be used together, where the use of one increases the demand for another.

Wealth

The abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions.

Flow Measure

A type of economic measurement that is recorded over a specific period of time, such as income or expenditure.

Demand Curves

A graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to purchase at different prices.