The Common Logical Mistake of Implying a Cause-And-Effect Relationship Between

question 88

Multiple Choice

The common logical mistake of implying a cause-and-effect relationship between two events is called:

• A)rational self-interest.
• B)interpreting association as causation.
• C)the fallacy of composition.
• D)ceteris paribus ("everything else held constant").
• E)normative analysis.

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Definitions:

Cable TV

A system of delivering television programming through coaxial or fiber-optic cables directly to subscribers' premises.

Club Good

A type of good that is excludable but non-rivalrous, meaning people can be prevented from using it, but one person's use does not reduce its availability to others.

Common Resources

Resources that are not owned by anyone, cannot be easily limited, and are available for use by more than one person or group.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by one individual without preventing the consumption by others, and without leading to a decrease in available quantity.