Examlex
A spontaneous order emerges from individual decisions that cause something to "work" without anyone planning for it to "work".
Ecological Fallacy
A logical error in reasoning where conclusions about individual-level behaviors or attributes are derived from group-level data.
Exception Fallacy
A logical error where a conclusion is drawn about an entire group based on a few atypical examples.
Dominant Culture
The culture that holds the most power and is most widely accepted within a particular society, often shaping mainstream norms and values.
Negative Assessment
A critical or unfavorable evaluation of something.
Q1: With a proportional income tax,<br>A)the tax multiplier
Q3: In the Edgeworth Box, we can set
Q11: The balanced budget multiplier<br>A)increases as MPC increases<br>B)increases
Q14: A downward sloping income-demand curve indicates that
Q15: When tastes over current and future consumption
Q19: Consider a household with income I and
Q25: To have an effect on the market
Q29: If the wage falls, we know for
Q39: Speculators profit by taking risks, while the
Q56: A downside to foreign aid is that<br>A)developing