Which pitfall to sound economic reasoning is reflected in a person's view that "pharmaceutical and oil companies are price-gouging the consumers"?
A) Faulty definition
B) Post hoc fallacy
C) Loaded terminology
D) Confusing correlation and causation

Question

Quizplus · Accepted Answer

The use of the term "price-gouging" is a loaded term that implies that the companies are intentionally charging excessive prices for their products. This is an example of a pitfall in sound economic reasoning known as loaded terminology, where emotionally charged language can distort an objective economic analysis.

Which Pitfall to Sound Economic Reasoning Is Reflected in a Person's