Sources of confusion in economic analysis include:
A) fallacy of segmentation.
B) mistake of ignoring primary effects.
C) rational self-interest.
D) association-is-causation fallacy.
E) making positive economic statements.

Question

Quizplus · Accepted Answer

The association-is-causation fallacy is a common source of confusion in economic analysis, where a correlation between two variables is mistakenly interpreted as a causal relationship.

Sources of Confusion in Economic Analysis Include