--%>

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 : Explain about supply curve A supply

    A supply curve which is: (i) vertical is perfectly price elastic. (ii) horizontal is perfectly price inelastic. (iii) linear and goes through the origin has a price elasticity of one. (iv) rectangularly hyperbolic is also unitarily elastic. (v) trapez

  • Q : Derived Demand for Labor in competition

    The faddish popularity of Atkins and South Beach diets both, and both of that advise dieters to eat more meat and to decrease the intake of starchy carbohydrates, most likely decreased incomes most sharply for: (1) grocery store clerks. (2) cattle ran

  • Q : Determine water elasticity of production

    When 200,000 gallons of water are applied per acre, 4 tons are harvested by each acre of linguini trees yearly, but cutting back to 160,000 gallons causes the crop per acre to reduce to 2 tons yearly. Then water elasticity of linguini production is as

  • Q : Problem of asymmetric information

    Provide the solution of this question. The problem of asymmetric information is that: A) neither health care buyers nor providers are well-informed. B) health care providers are well-informed, but buyers are not. C) the outcomes of many complex medical procedures cann

  • Q : Explain the term Realized Yield Explain

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

  • Q : Goods produced and sold in the US Who

    Who decides what goods services will be produced and were sold in the US?

  • Q : Shifting of Complementary Goods towards

    The War in Iraq contributed to sharp rises in the world price of oil. This is most probable to encompass caused the demand for car washes in United States to: (1) Shift towards right. (2) Increase vertically. (3) Stabilize. (4) Shift towards left. (5) Much more inform

  • Q : Unitarily price elastic while small

    When small raises or decreases within the price of generic bananas do not influence the total sales revenue from bananas, in that case the market demand for generic bananas is: (i) perfectly price elastic. (ii) perfec

  • Q : Labor Union History Can someone please

    Can someone please help me in finding out the accurate answer from the following question. Preceding to the AFL-CIO merger in the year 1955: (i) AFL was an alliance of the industrial unions. (ii) The CIO was an alliance of the craft unions. (iii) Strikes over which un

  • Q : What is an Indifference curve

    Indifference curve: It is the combination of two goods that provides consumer similar level of satisfaction.