Common Logic Pitfalls in Economics

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The word comfortable meaning different things to different people is an example of _____.

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1. Why do economists designing new models to test economic ideas often fall victim to bias?

2. Which of the following is an example of causation?

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About This Quiz & Worksheet

The worksheet and quiz will assess your knowledge of common logic pitfalls in economies. Certain topics for which you'll be responsible for knowing include how words mean different things to different people and a flaw in economists determining new economic ideas.

Quiz & Worksheet Goals

With these study tools you will be able to:

  • Identify causation
  • Recognize Post Hoc Ergo Propter Hoc
  • Define the Fallacy of Composition

Skills Practiced

This worksheet and quiz will help you in utilizing these skills:

  • Defining key concepts - ensure that you can accurately define main phrases, such as causation
  • Distinguishing differences - compare and contrast topics from the lesson, such as causation and correlation
  • Information recall - access the knowledge you've gained regarding the Fallacy of Composition

Additional Learning

Want more information about common logic pitfalls in economics? This lesson will help. It's entitled Common Logic Pitfalls in Economics, and once you've completed it you will be able to meet these goals:

  • Define correlation
  • Explain Post Hoc Ergo Propter Hoc
  • Identify examples of Fallacy of Composition
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