Ask Question
BusinessBusiness
8 December, 11:10

A policymaker who assumes that the effect that a policy has on one person will be the same effect that the policy will have on all people in the economy is

+5
Answers (1)
  1. 8 December, 11:17
    0
    Fallacy of composition.

    Explanation:

    Fallacy of composition also called faulty induction, composition fallacy, or exception fallacy is an assumption which states that the result achieved from an experiment on a section of a population will be true for the entire population. Fallacy of composition often lead to incorrect conclusion as what is good for a part of a bigger population may not always be good for the whole, example is when a spectator in a stadium stands up, he gets a better view of the game, but when everybody stands up, the opposite is the case.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A policymaker who assumes that the effect that a policy has on one person will be the same effect that the policy will have on all people ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 5.70 percent that sells for $95.66 per share. If the par value is $100, what is the cost of the company's preferred stock?
Answers (1)
2. In a recent large PowerBall lottery, the prize was reported to be worth $590 million, which could be taken in 25 equal annual installments of $23.6 million beginning today or as a single payment today of $334 million. a.
Answers (1)
The 'capacity for emergency management and response personnel to interact and work well together' describes which of the key communications and information systems principles? A. Interoperability B. Resilience and Redundancy C. Security D.
Answers (1)
24. The aggregate demand curve: A. shows the level of real GDP purchased in the economy at different possible price levels during a period of time. B.
Answers (1)
staff salaries were $32,000/month last year and $47,000/month this year, what is the total yearly labor cost increase
Answers (1)
New Questions in Business
Javier, a homeowner, files a lawsuit against dean, his construction contractor. they meet with their attorneys to try to resolve their dispute before going to trial. this proceeding is known as
Answers (1)
K. Kolmer, C. Eidman, and C. Ryno share income on a 5 : 3 : 2 basis. They have capital balances of $26,200, $29,400, and $15,300, respectively, when Don Jernigan is admitted to the partnership.
Answers (1)
Kogler Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows:Average cost per unitDirect Materials $4.85Direct Labor $4.
Answers (1)
Wolfgang, who is age 33, records AGI of $125,000. He incurs the following itemized deductions for 2018: Medical expenses [$15,000 - (7.
Answers (1)
If Bojana Tax Services' office supplies account balance on March 1 was $1,400, the company purchased $675 of supplies during the month, and a physical count of supplies on hand at the end of March indicated $1,250 unused, what is the amount of the
Answers (1)
Home » Business » A policymaker who assumes that the effect that a policy has on one person will be the same effect that the policy will have on all people in the economy is
Sign Up Forgot Password?