Question : 21) The Latin phrase ceteris paribus means that when a : 1381314

 

21) The Latin phrase ceteris paribus means that when a relationship between two variables is being studied,

A) both are treated as unpredictable.

B) neither of those two variables is allowed to change.

C) all other variables are held fixed.

D) we recognize that some factors are unknown.

 

22) Isabel noted that whenever she wore her green contact lenses, the Chicago White Sox would win that evening. Based on this observation, she developed the “green-eyes-for-White-Sox” theory of winning. It is most likely true that Isabel

A) showed good reasoning for the reason the White Sox would win.

B) committed the ceteris paribus error.

C) committed the fallacy of composition.

D) was confusing causality.

 

23) Whenever a former governor is elected president, the unemployment rate decreases; whenever a former congressman is elected president, the inflation rate increases. This statement is an example of

A) fallacy of composition.

B) post hoc, ergo propter hoc fallacy.

C) ceteris paribus fallacy.

D) fallacy of inductive reasoning.

24) The erroneous belief that what is true for a part is necessarily true for the whole is referred to as the

A) fallacy of composition.

B) post hoc, ergo propter hoc fallacy.

C) ceteris paribus fallacy.

D) fallacy of inductive reasoning.

 

25) The unemployment rate was falling during all of the years that I was a student, but as soon as I graduated, the unemployment rate started to rise. Therefore, the job market was waiting until I started looking for employment to start to go bad. This statement is an example of

A) fallacy of composition.

B) post hoc, ergo propter hoc fallacy.

C) ceteris paribus fallacy.

D) fallacy of inductive reasoning.

 

26) Research conducted in border states suggests that speaking a second language increases the prospects for employment. Therefore, we should require all citizens to speak a second language. This statement is an example of

A) fallacy of composition.

B) ceteris paribus fallacy.

C) fallacy of inductive reasoning.

D) post hoc, ergo propter hoc fallacy.

 

27) Salary caps are imposed when league officials believe some football team owners are taking advantage of their deep pockets and buying more quality players than the other owners can afford to buy. Which of the following criteria are they using to guide their actions?

A) growth

B) stability

C) efficiency

D) equity

28) A government policy that tries to minimize inflation and unemployment can best be described as trying to achieve economic

A) growth.

B) stability.

C) profitability.

D) equity.

 

29) The concept of equity would explain the redistribution from the rich to the poor which is achieved from a tax system that requires taxes to

A) fall when income rises.

B) rise when income rises.

C) remain stable when income rises.

D) be unrelated to income.

 

30) You know that the school parking lot gets very congested about 8:30 a.m. To avoid this congestion, you start arriving at school at 8:00 a.m. However many other students make the same decision, and now the parking lot becomes very congested at 8:00 a.m. This is an example of the

A) fallacy of composition.

B) ceteris paribus fallacy.

C) fallacy of division.

D) post hoc, ergo propter hoc fallacy.

 

 

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