____________ Describes an Error in Reasoning Where One Has Reached

question 11

Short Answer

____________ describes an error in reasoning where one has reached a conclusion about the morality of some behavior after carelessly "reading into" the case certain facts that were omitted.

---

Definitions:

Deadweight Loss

A shortfall in economic optimization that occurs when the balance for a good or service is missed or impossible to hit.

Tax

A compulsory financial charge or levy imposed by a government on individuals or entities to fund public expenditure.

Consumer Surplus

The difference between the aggregate willingness to pay by consumers for a good or service and the aggregate actual payment.

Deadweight Loss

An economic inefficiency caused by a disruption in market equilibrium, leading to a loss of societal welfare.