Define fallacies of statements

Assignment Help Macroeconomics
Reference no: EM131442691

Question: Do any of the following statements involve fallacies? If so, which ones do they involve?

a. Because sitting in the back of classrooms is correlated with getting lower grades in the class, students should always sit closer to the front of the classroom.

b. Historically, the stock market rises in years the NFC team wins the Super Bowl and falls when the AFC wins the Super Bowl; I am rooting for the NFC team to win for the sake of my investment portfolio.

c. When a basketball team spends more to get better players, it is more successful, which proves that all the teams should spend more to get better players.

d. Gasoline prices were higher last year than in 1970, yet people purchased more gas, which contradicts the law of demand.

e. An increase in the amount of money I have will make me better off, but an increase in the supply of money in the economy will not make Americans as a group better off.

Reference no: EM131442691

Questions Cloud

An explanation of the differential diagnosis for the patient : The Centers for Disease Control and Prevention estimates that there are 19 million new cases of sexually transmitted infections every year in the United States (CDC, 2010b).STIs may present serious health implications for infected patients-especi..
Discuss the theories of sigmund freud : Discuss the theories of Sigmund Freud and how they may have influenced art in the Modern style.
European imperialism of the latter nineteenth century : Discuss the causes for the "new" European imperialism of the latter nineteenth century. Why did Europeans find it so necessary to expand into and colonize other world regions?
Industrial revolution introduced new class distinctions : Essay questions: During the nineteenth century, the Industrial Revolution introduced new class distinctions into social and political life. Addressing key developments in Great Britain, discuss the impact of class conflict upon political trendsdur..
Define fallacies of statements : Historically, the stock market rises in years the NFC team wins the Super Bowl and falls when the AFC wins the Super Bowl; I am rooting for the NFC team to win for the sake of my investment portfolio.
Reflect on a patient who presented with a vaginal discharge : Reflect on a patient who presented with a vaginal discharge during your Practicum Experience. Describe key signs and symptoms that were consistent with a sexually transmitted infection (STI) versus a non-STI related infection. If you diagnosed the..
Discuss about the psychological and mental health : When completing practicum requirements in clinical settings, you and your Preceptor might complete several patient assessments in the course of a day or even just a few hours. This schedule does not always allow for a thorough discussion or reflec..
Are the following statements normative or positive : A decrease in the price of butter will increase the amount of butter purchased, but that would be bad because it would increase Americans' cholesterol levels.
Describe two positive statements-the air quality standards : In the debate about clean air standards we have often heard the statement, "A nation as rich as the United States should have no pollution." Why is this a normative statement? Would it help you make a decision on national air quality standards?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd