You Know That the Computer Lab at School Gets Very

question 26

Multiple Choice

You know that the computer lab at school gets very crowded at about 3:00 p.m. To avoid the crowds, you start going to the computer lab one hour earlier every day. However many students make the same decision, and now the computer lab becomes very crowded at 2:00 p.m. This is an example of the

• A) post hoc, ergo propter hoc fallacy.
• B) ceteris paribus fallacy.
• C) fallacy of division.
• D) fallacy of composition.

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Definitions:

Consumer Price Index

A tool that analyzes the combined weighted price of a mix of consumer products and services, including medical care, transportation, and food, used for calculating inflation rates.

Base Year

A specific year chosen as a standard of comparison for financial or economic data, allowing for the calculation of changes or growth over time.

Teddy Bears

Stuffed toys designed to resemble a bear, often used as comfort objects by children and collectors alike.

Consumer Price Index

A benchmark for assessing the weighted average expenses of various consumer items and services like food, healthcare, and transportation.