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The Fallacy of Composition in Economics: Definition & Examples

Instructions:

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

question 1 of 3

The fallacy of composition arises when an individual assumes that something is true of the whole because why?

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1. Why does the fallacy of composition exist?

2. In the 'paradox of saving' scenario, if everyone in a society reduced spending, what would happen?

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About This Quiz & Worksheet

The fallacy of composition is an important concept to be familiar with in macroeconomics, and this quiz/worksheet will help you assess your understanding of its theoretics.

Quiz & Worksheet Goals

In these assessments you'll be tested on various aspects of the fallacy of composition, including:

  • When and why the fallacy of composition arises
  • Why the fallacy of composition exists
  • Examples of the fallacy of composition
  • Forms of the fallacy of composition

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Interpreting information - verify that you can read information regarding the theoretics of the fallacy of composition and interpret it correctly
  • Distinguishing differences - compare and contrast different forms of the fallacy of composition
  • Information recall - access the knowledge you've gained regarding why the fallacy of composition exists

Additional Learning

There is also an accompanying lesson called The Fallacy of Composition in Economics: Definition & Examples. This lesson will help you accomplish the following objectives:

  • Define the fallacy of composition
  • Familiarize yourself with examples of the fallacy of composition
  • Differentiate between the forms of the fallacy of composition
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