Which pitfall to sound economic reasoning is illustrated when a person comments that "capitalists focus only on profits and don't care about their workers"?
A) abstraction
B) biases
C) the fallacy of composition
D) confusing correlation and causation

Question

Quizplus · Accepted Answer

The comment shows a bias against capitalists, assuming that they prioritize profits over the well-being of their employees. This is a common bias that ignores the fact that a successful business depends on satisfied and motivated workers.

Which Pitfall to Sound Economic Reasoning Is Illustrated When a Person