The fallacy of false cause is committed when a person mistakenly assumes that one event causes another because the first event precedes the second.

An industry's long-run supply curve shows

A) the relationship in the long run between market price and quantity supplied. B) how the government determines the price of the product. C) how average productivity is changing. D) greater than normal profit.

Rising unemployment and decreased business confidence could be signs that the economy is at the start of a(n):

A. recession. B. boom. C. recovery. D. expansion.