"Circulation Fell in the Month After the New Editor Took

question 31

Multiple Choice

"Circulation fell in the month after the new editor took over the newspaper Oxnard News Herald. The new editor should be fired." Which is not a serious fallacy in this conclusion?

• A)Generalizing from a small sample
• B)Applying post hoc reasoning
• C)Failing to identify causes
• D)Using a biased sample

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Definitions:

Marginal Rate

The marginal rate typically refers to the amount of change in one variable due to a unit change in another, commonly used in economics to describe rates of substitution or transformation.

Indifference Curve

A graph showing different combinations of two goods that give the consumer equal satisfaction and utility.

Marginal Rate

Marginal rate commonly refers to the change in one variable relative to a unit change in another, such as in taxation or interest.

Substitution

The economic principle stating that as prices rise or consumer preferences change, individuals substitute one good or service for another.