--%>

Analysis deregulation caused the shortage

Choose the right answer of the following problem. "The government deregulated the electricity industry in California and a shortage of electricity occurred soon . It is clear that the deregulation caused the shortage." This statement requires careful analysis because it may reflect the: A) the fallacy of composition. B) post hoc, ergo propter hoc fallacy. C) use of loaded terminology. D) the law of averages.

 

   Related Questions in Microeconomics

  • Q : Demands and supplies of most goods

    Since longer time intervals are considered, then demands and supplies of most of the goods become: (i) Increasingly independent. (ii) Less subject to the adjustments through buyers and sellers. (iii) Flatter (that is, quantities adjust more fully to p

  • Q : Substitution Effect-relative price of

    The substitution effect signifies to the change in consumption pattern as: (1) The absolute price of the good modifications. (2) Income changes. (3) The relative price of good changes. (4) The quality of good changes. Can someone p

  • Q : Consuming a grouping of goods problem A

    A household utmost it’s utility by consuming a grouping of goods which exhausts income when, for each and every good, the: (i) Marginal utilities are equivalent. (ii) Prices are equivalent. (iii) Ratios of marginal utility or price are equivalen

  • Q : Bookkeeper problem regarding Moral

    I have a problem in economics on Bookkeeper problem regarding Moral Hazard. Please help me in the following question. When a bookkeeper embezzles $1 million and flees to the Brazil after 22 years on the job, there is a trouble of: (i) Fugitive derelic

  • Q : Annual economic profit When point e

    When point e corresponds to $9 per copy for Silver Screen DVDs, Nostalgia Corporation can produce annual economic profit of at mostly about: (i) $25 million. (ii) $35 million. (iii) $50 million. (iv) $75 million. (v) $100 million.

    Q : Price elastic of supply between two

    In between point c and d in this supply curve of 2×4s, the price elastic of supply as: (i) 1.0. (ii) 1.6. (iii) 2.2. (iv) 2.8. (v) 3.4.

    Q : Reduce average total costs by

    Individual pure competitive firms as well as firms along with market power may each be capable to: (i) reduce average total costs by increasing the size of its operations or economies of scale else decreasing the size of its operations [as diseconomie

  • Q : Average variable costs and average

    Both average variable costs and average total costs are demonstrated for this profit-maximizing firm, therefore this given figure depicts information for: (i) an oligopoly firm. (ii) operations in the short run since fixed costs are present, although

  • Q : Explain the term Realized Yield Explain

    Explain the term Realized Yield? Also write some points on it.

  • Q : Loss efficiency to society from

    When the equilibrium price of wheat is $50 per ton and the marginal cost of the last ton of wheat generated is $70, there is: (w) an efficiency loss to society from over-production. (x) an efficiency loss to society from underproducti