"If Tom Had Twice as Much Money, He Could Consume

question 204

Multiple Choice

"If Tom had twice as much money, he could consume twice as much. If everyone had twice as much money, they could consume twice as much." This quote illustrates

• A) the difference between positive and normative economics.
• B) the fallacy of composition.
• C) that association is not causation.
• D) the law of unintended consequences.

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Definitions:

Nitrogen Fixation

The process by which certain microorganisms convert atmospheric nitrogen into a form that can be used by plants to synthesize proteins and nucleic acids.

Ammonification

Ammonium-producing process of decomposition.

Nitrification

Conversion of ammonium to nitrate.

Trophic Category

A classification describing the position of organisms within a food chain, based on their feeding relationships and energy transfer.