Econ (17).pdf - a iTrue*b iFalse 89 iChapter i1\u2014Economics iThe iWorld iAround iYou iQuestion iTF i#26 i\"The igovernment ishould itax ihealth ibenefit

Econ (17).pdf - a iTrue*b iFalse 89 iChapter...

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a. i True *b. i False 89. i Chapter i 1 Economics: i The i World i Around i You i Question i TF i #26 i "The i government i should i tax i health i benefit i to i reduce i budget i deficit." i This i is i a i positive i statement. a. i True *b. i False 90. i Chapter i 1 Economics: i The i World i Around i You i Question i TF i #27 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 i the i interpretation i of i association i as i causation. a. i True *b. i False 91. i Chapter i 1 Economics: i The i World i Around i You i Question i TF i #28 i This i past i year, i whenever i you i wore i your i college's i colors, i the i football i team i won. i During i the i last i two i weeks i you i continued i to i wear i the i college i colors i and i bet i a i lot i of i money i on i your i team, i but i your i college's i football i team i lost i both i games. i Your i mistaken i belief i is i a i result i of i the i interpretation i of i association i as i causation. *a. i True b. i False 92. i Chapter i 1 Economics: i The i World i Around i You i Question i TF i #29 i The i fallacy i of i composition i and i the i fallacy i of i ceteris i paribus i are i two i commonly i made i errors i in i economic i analysis. a. i True *b. i False 93. i Chapter i 1 Economics: i The i World i Around i You i Question i TF i #30 i You i leave i concert i ten i minutes i before i it i ends i you i may i avoid i traffic i jam. i If i all i audience i act i you i do i they i also i may i avoid i traffic i jam. i Your i mistaken i belief i is i a i result i of i the i fallacy i of i composition. *a. i True b. i False 94. i Chapter i 1 Economics: i The i World i Around i You i Question i TF i #31 i Microeconomics i is i concerned i primarily i with i the i overall i functioning i of i a i single i economic i system. a. i True *b. i False

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