ECON8305docx (173).pdf - 49 iChapter i1\u2014Economics iThe iWorld iAround iYou iQuestion iMC i#49 i If ia idriver iis iable ito iavoid ia itraffic ijam

# ECON8305docx (173).pdf - 49 iChapter i1u2014Economics iThe...

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49. i Chapter i 1 Economics: i The i World i Around i You i Question i MC i #49 i If i a i driver i is i able i to i avoid i a i traffic i jam i on i the i freeway i by i taking i a i side i street, i that i person i is i made i better i off. i However, i if i we i had i assumed i everybody i would i be i better i off i by i taking i the i side i street, i which i of i the i following i would i be i involved? *a. i The i fallacy i of i composition b. i The i scientific i method c. i Ceteris i paribus d. i Interpretation i of i association i as i causation e. i Normative i analysis 50.iChapteri1Economics:iTheiWorldiAroundiYouiQuestioniMCi#50i If i unemployment i rises i when i beer i consumption i rises, i then i the i statement i "Rising i unemployment i is i the i result i of i increased i beer i consumption" a.iisianiexampleiofitheifallacyioficomposition.*b.iisianiexampleiofitheiinterpretationiofiassociationiasicausation.c.idescribesirationalibehavior.d.idescribesimarginalianalysis.