Question do any of the following statements involve, Ask an Expert

Economics

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.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92251438

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