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Norms Come in Many Different Forms

question 30

Multiple Choice

Norms come in many different forms.Which of the following is NOT correctly referred to by the term "norms"?


Definitions:

Marginal Benefits

The increase in utility or satisfaction from consuming or producing an extra unit of a good or service.

Post Hoc

A logical fallacy that assumes that if one event occurs after another, then the first event must have caused the second.

Ergo Propter Hoc

Refers to the logical fallacy where it is assumed that because one thing follows another, the first thing caused the second.

Fallacy

An incorrect belief or mistaken reasoning often based on unsound argument.

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