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faust18 [17]
4 years ago
7

A person observes that consumer prices often fall when a nation experiences economic growth. The person then concludes that fall

ing consumer prices lead to economic growth. This would be an example of the fallacy of composition. Biases. Confusing correlation and causation. The use of loaded terminology.
Business
1 answer:
frutty [35]4 years ago
8 0

The person then concludes that falling consumer prices leads to economic growth. This would be an example of <u>"Confusing correlation and causation".</u>


Correlation is the connection between two sets of variables used to depict or anticipate data. There is an emphasis here on relationship. Sometimes we can utilize relationship to discover causality, however not generally. Keep in mind that connection can either be certain or negative.

Causation, otherwise called cause and effect, is the point at which a watched occasion or activity seems to have caused a second occasion or activity.

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Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 45,000 bottles of wine were sold every
dangina [55]

Answer: a) $6

b) Of this amount, the burden that falls on consumers is $3 per bottle, and the burden that falls on producers is $3 per bottle.

c) False

Explanation:

a) The amount of tax paid on a bottle can be calculated as,

Amount of tax = Price paid by consumers - Price received by producers

Amount of tax = 7 - 1

Amount of tax = $6

b) The tax burden on the consumer is given by,

Tax burden of consumers = Price paid by consumers - Pre-tax Price

Tax burden of consumers = 7 - 4

Tax burden of consumers = $3

Tax burden of producers = Pre-tax price - Price received by producers

Tax burden of producers

Tax burden of producers = 4 - 1

Tax burden of producers = $3

c) False

Quantity sold does not change depending on who is taxed between the producer and the supplier.

5 0
3 years ago
In the context of the Situational Leadership model which of the following was defined as the extent to which a leader spells out
loris [4]

The extent to which a leader explains their roles and obligations to a person or group is known as task behavior. Giving instructions on what to do, how to do it, when to do it, and where to do it is a part of this conduct.

<h3>The definition of situational leadership is which of the following?</h3>

Situational leadership is the practice of adapting your management style to the needs of the team or specific team members in each unique situation or assignment. Paul Hersey and Ken Blanchard established the Situational Leadership Theory in 1969.

<h3>Which four contextual factors influence leadership?</h3>

Every leader should be aware of the four key elements of leadership: the led, the leader, the situation, and the communication. When exercising leadership, all four criteria must constantly be taken into account.

To know more about behavior visit:-

brainly.com/question/8871012

#SPJ4

5 0
1 year ago
The least complex global operation is?
Ivahew [28]

Exporting is the least complex of the types of global operations. This does not require any investment in the host country such as infrastructure, manpower, or facilities.

5 0
4 years ago
Colicchio Corporation acquired two inventory items at a lump-sum cost of $60,000. The acquisition included 3,000 units of knife
zysi [14]

Answer:

Explanation:

X001 Sales volum = 3000*$20 = $60,000

X002 Sales volum = 3000*$10 = $30,000

Total $90,000

Allocated to X002 based on sales volum is 33.33% (30,000/90,000) of the 60,000, which is $20,000

Cost per unit of X002 is $6.67 ($20,000/3,000). Sells 1000 units, $6.67*1000 = $6670.

Gross profit = Revenue $10,000 - Cost $6670 = $3330 in gross profit

8 0
3 years ago
Read 2 more answers
Brie just created the blueprint of a deck using her computer software. She then sent the design to Gunther, who estimated the to
Dennis_Churaev [7]

Answer:

The answer is "D" just took the test

Explanation:

7 0
3 years ago
Read 2 more answers
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