Elaine Thinks That Jerry Sees the World in a Very

question 145

Multiple Choice

Elaine thinks that Jerry sees the world in a very negative way because he's depressed. Which fallacy does this illustrate?

• A)circular fallacy
• B)descriptive fallacy
• C)repressive fallacy
• D)nominal fallacy

---

Definitions:

Equity Multiplier

A financial leverage ratio that measures the portion of a company's assets financed by its shareholders' equity.

Absolute Advantage

A condition in which a country, company, or individual can produce a good or service at a lower cost per unit than competitors using the same amount of resources.

Comparative Advantage

The ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than competitors.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors.