Many People Have Heard That the Stock Market Rises When

question 187

Multiple Choice

Many people have heard that the stock market rises when a team from the National Football Conference (NFC) wins the Super Bowl, and falls when a team from the American Football Conference (AFC) is victorious. If you conclude that there is a causal relationship between the outcome of the Super Bowl and stock prices, you probably are:

• A)​confusing correlation with causation.
• B)​committing the fallacy of composition.
• C)​confusing the direction of causality, since everyone knows that stock prices determine which team wins the Super Bowl.
• D)​none of the above

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Definitions:

Economic Impact

Refers to the effect of an event, policy, or market trend on the economy, including factors like employment, income, and overall economic growth.

Farmers' Grievances

Complaints by farmers about issues affecting their livelihood, such as unfair prices, high taxes, and lack of governmental support.

Late Nineteenth Century

Refers to the period from 1870 to 1899, characterized by industrialization, urbanization, and significant social and political changes globally.

Redress

The act of correcting an injustice or receiving compensation for wrongs or injuries.