"Since a household cannot afford to keep adding indefinitely to its debt,a country cannot afford to do so either." This statement is an example of:

Question

Quizplus · Accepted Answer

The statement is an example of the fallacy of composition, which is the belief that what is true for the individual is also true for the group as a whole. While it may be true that a household cannot afford to keep adding to its debt indefinitely, it does not necessarily follow that a country cannot do so, as there are many different factors and variables at play in the larger economy.

"Since a Household Cannot Afford to Keep Adding Indefinitely to Its