Which of the Following Best Illustrates the Fallacy of Composition

question 65

Multiple Choice

Which of the following best illustrates the fallacy of composition?

• A)​If the price of a product rises, the quantity supplied will decline.
• B)​The average wage rate tends to increase at approximately the same rate as inflation; hence, wage increases must cause inflation.
• C)​Resources are scarce; therefore, there is no such thing as a free lunch.
• D)​If I talk loudly at a party, I have a better chance of being heard by my listeners.If everyone at the party talks loudly, everyone can be heard more clearly.

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Definitions:

Personal Virtues

Characteristics or qualities considered morally good or desirable in a person, such as honesty, integrity, and courage.

Government Requirements

Legal or regulatory obligations that individuals, businesses, or organizations must follow in their operations, often varying by country, state, or industry.

Contributive Liberty

The concept relating to the freedom individuals have to contribute to society or to the political community.

Self-development

The process of improving oneself through such activities as enhancing employment skills, increasing consciousness and building wealth.