In Adam Smith's competitive market economy, the question of what goods to produce is determined by the:

Wealth differs from income in that

A) income measures value at a point in time and wealth measures value over a period of time. B) income measures value over a period of time and wealth measures value at a point in time. C) income is what you own and wealth is what you earn. D) wealth can be measured in dollars and income cannot.

Environmentalists continually argue for the use of alternatives to fossil fuels for generating energy. For example, harnessing wind by creating wind farms has been one alternative proposed and implemented. When it is found that these wind farms lead to the slicing and dicing of migratory birds and the decimation of local bat populations, we could say that environmentalists have committed the

a. fallacy that assocation is causation b. fallacy of composition c. fallacy of segmentation d. mistake of ignoring secondary effects e. mistake of ignoring the obvious