Alicia Makes the Statement That Every Time She Eats Chocolate,she

question 47

Multiple Choice

Alicia makes the statement that every time she eats chocolate,she gets acne.By ignoring the possibility that there may be another factor that causes Alicia to eat chocolate and which also causes her acne,Alicia is committing the:

• A)fallacy of composition.
• B)fallacy that association is causation.
• C)fallacy of segmentation.
• D)mistake of ignoring secondary effects.
• E)mistake of looking beyond the obvious.

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Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision. It represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Production Possibilities Frontier

A graphical representation showing the maximum quantity of two goods or services that an economy can produce when all resources are used efficiently.

Opportunity Cost

Opportunity cost is the value of the next best alternative forgone as a result of making a decision.

Bananas

A curved, yellow fruit that is rich in potassium and can be eaten raw or used in cooking and baking.