The fallacy of composition is the fallacious view that

a. economic activity will benefit everyone.
b. what is true for the individual will also be true for the group.
c. it is possible for the whole to be greater than the sum of the individual parts.
d. association does not necessarily indicate causation.

B

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Refer to Table 21.1. What is the mean income on Richlandia?

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The same factors that lead to a change in quantity demanded also cause a change in demand.

a. true b. false

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