(Last Word) the Post Hoc Fallacy and the Correlation Problem

question 52

Multiple Choice

(Last Word) The post hoc fallacy and the correlation problem both relate to

• A) the calculation of marginal costs and marginal benefits of any economic activity.
• B) the issue of determining causation.
• C) the frequent inability of households and businesses to behave rationally.
• D) the trade-off problem associated with competing goals.

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Definitions:

Defence Mechanism

Mental tactics used subconsciously to shield an individual from distress caused by intolerable ideas or emotions.

Projection

A defense mechanism where an individual attributes their own unacceptable thoughts, feelings, or motives to another person.

Motives

Internal drives or reasons that prompt an individual to act in a certain manner, aiming to fulfill a need or achieve a goal.

Defence Mechanism

Unconscious psychological strategies brought into play by various entities to manage thoughts and feelings that are perceived as socially unacceptable.