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Find an example of an informal fallacy based on either a weak inductive argument fallacy (rigid application of a generalization, hasty generalization, composition, division, biased sample, post hoc, or slippery slope) or a fallacy of unwarranted assumption or diversion (begging the question, complex question, appeal to ignorance, appeal to an unqualified authority, false dichotomy, equivocation, straw man, red herring, misleading precision, or missing the point). Make sure to cite the example you have found, and, more importantly, describe why you think it is an example of one of the seven informal fallacies we have discussed so far.
An individual, who has income I, cares only about two goods: X and Y. Their prices are Px and Py, respectively. The individual's utility function is U(X,Y)=aln(X)+(1-a)ln(Y).
Provide an example of positive analysis (including the reference), as well as normative analysis, relating to the project
A mine purchased for $3.5 million has a total expected yield of one million ounces of silver. Determine the depletion charge in year 4 when 300,000 ounces are mined and sold for $30 per ounce using (a) cost depletion, and (b) percentage depletion. (c..
Cyclical unemployment and the natural rate of unemployment are sometimes hard to distinguish from each other, so economists are not very confident about estimates of the natural rate of unemployment. Still, since unemployment rates are consistently h..
A homeowner selects 25 bulbs and finds the mean lifetime tobe 980 hours with a standard deviation of 80 hours. If a = 0.05, test the manufacturer's claim.
Ambassador Automobiles (AA) is not sure of their order of 100 units to Diversitek (D). Based on the market research, there is only a 35% chance that AA purchases the order of 100 units of SS from D and a 65% chance that AA purchases the order of 50 u..
As science has progressed studies have linked alcohol consumption to various form of cancers and ailments similar to smoking. Banning alcohol advertisements lik
What are the basic institutions which should be at place for the market economy to perform well? 'Once the institutions are at place, market economy works like a self-sufficient system with a circular flow of money and material.' Draw a complete diag..
Suppose there are three ticket prices at a concert: $55, $65, and $90. You decide to try your luck at the last minute and prefer the cheapest ticket possible. There is a 50% chance that the $55 ticket is available, a 30% chance that $65 is the cheape..
Suppose there are two industries, airlines (A) and breweries (B), and that the demand for secretatrial labor, E, in each industry is EA = 25 – wA and EB = 20 – 2 wB. If the supply of secretarial labor is E = 2 w, then what are the equilibrium wage an..
All of the following are characteristics of "property rights" EXCEPT that:
The company's investment banker states that investors would use an 9.77 percent discount rate to value such bonds.
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