"Since a Household Cannot Afford to Keep Adding Indefinitely to Its

question 75

Multiple Choice

"Since a household cannot afford to keep adding indefinitely to its debt,a country cannot afford to do so either." This statement is an example of:

• A)interpretation of association as causation.
• B)ceteris paribus ("everything else held constant") analysis.
• C)rational behavior.
• D)the fallacy of composition.
• E)marginal analysis.

---

Definitions:

Young Adults

Individuals in their late teens to early twenties, often considered a transitional phase from adolescence to adulthood, marked by increased independence and life changes.

Save Money

The act of setting aside a portion of one's income for future use or in case of emergencies, aiming for financial security.

Helicopter Parents

Parents who take an overly involved or intrusive interest in the lives of their children, often attempting to micromanage their affairs.

Micromanaging

A management style where a supervisor closely observes or controls the work of subordinates or employees, often excessively.