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 reflects a bias against capitalists and assumes that all capitalists prioritize profit over the well-being of their workers. This overlooks the fact that many capitalists recognize the importance of treating their workers well in order to maintain their productivity and retain them for the long-term.

Which Pitfall to Sound Economic Reasoning Is Illustrated When a Person