An increase in the price of gold is always associated with the outbreak of wars; increasing gold prices cause wars. This would be an example of what logical misconception?
A) ceteris paribus
B) correlation is causation
C) laissez-faire
D) nonlinearity

Question

Quizplus · Accepted Answer

This statement reflects the logical misconception of correlation is causation, as it assumes that there is a direct causal relationship between an increase in gold prices and the outbreak of wars, without considering other factors that may contribute to both phenomena.

An Increase in the Price of Gold Is Always Associated