Inefficiency in an Economy Can Be Caused by

question 140

Multiple Choice

Inefficiency in an economy can be caused by

• A)misallocating resources.
• B)underemploying resources.
• C)discrimination.
• D)All of the above are correct.

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Definitions:

Fallacy Of Division

The erroneous assumption that what is true of a whole necessarily applies to its individual parts or members.

Post Hoc, Ergo Propter Hoc

A logical fallacy that assumes if one event occurs after another, the first event must have caused the second.

Generalizations

Broad statements or concepts that apply to multiple instances, often used to simplify complex ideas.

Cause And Effect

A relationship where one event (the cause) makes another event happen (the effect), often used to describe phenomena in various fields of study.