A Fallacy of Composition Involves Assuming That

question 106

Multiple Choice

A fallacy of composition involves assuming that:

• A)you can determine the composition of a complex product just by examining its exterior properties.
• B)consumer durable goods today do not last as long as they did a generation ago.
• C)any mistakes made in producing a product using an assembly line technique will lead to a compounding of errors as the product moves down the line.
• D)what is true for any individual component in a group is true for the group as a whole.
• E)what was true when a person was younger will still be true today.

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Definitions:

Invention

The conception of a new product or process combined with the first proof that it will work.

Diffusion

The spread of an innovation through its widespread imitation.

Technological Advance

(1) An improvement in the quality of existing products, the invention of entirely new products, or the creation of new or better ways of producing or distributing products. (2) Any improvement in the methods by which resources are combined such that the same quantity of inputs can be made to yield a combination of outputs that is preferred to any combination of outputs that was previously possible.

Distributing

The process of making goods or services available to consumers, often through various channels.