Econ (10).pdf - a iNormative ianalysis b iInterpretation iof iassociation ias icausation c iRational iself-interest*d iThe ifallacy iof icomposition e

# Econ (10).pdf - a iNormative ianalysis b iInterpretation...

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a. i Normative i analysis b. i Interpretation i of i association i as i causation c. i Rational i self-interest *d. i The i fallacy i of i composition e. i Hypothesis i testing 47. i Chapter i 1 Economics: i The i World i Around i You i Question i MC i #47 i "Since i a i household i cannot i afford i to i keep i adding i indefinitely i to i its i debt, i a i country i cannot i afford i to i do i so i either." i This i statement i is i an i example i of a. i interpretation i of i association i as i causation. b. i ceteris i paribus i ("everything i else i held i constant") i analysis. c. i rational i behavior. *d. i the i fallacy i of i composition. e. i marginal i analysis. 48. i Chapter i 1 Economics: i The i World i Around i You i Question i MC i #48 i "If i a i tax i cut i is i good i for i me, i it i must i be i good i for i the i whole i economy." i This i statement i is i an i example i of i the i pitfall i called a. i the i scientific i method.