"When one basketball team spends a large sum of money acquiring better players, it is better off. If all teams do the same thing, all of them are better off." These statements demonstrate:
A)the fallacy of composition.
B)confusing association with causation.
C)a misunderstanding of the direction of causality.
D)the ceteris paribus condition.

Question

"When one basketball team spends a large sum of money acquiring better players, it is better off. If all teams do the same thing, all of them are better off." These statements demonstrate:
A)​the fallacy of composition.
B)​confusing association with causation.
C)​a misunderstanding of the direction of causality.
D)​the ceteris paribus condition.

Quizplus · Accepted Answer

This statement demonstrates the fallacy of composition, which assumes that what is true for one part of a system must necessarily be true for the system as a whole. In this case, it assumes that the benefits of one team spending large sums of money on acquiring better players must necessarily apply to all teams if they were to follow suit. However, this assumption overlooks the potential negative consequences that could arise if all teams were to adopt this strategy, such as inflation in player salaries and reduced competitive balance.

"When One Basketball Team Spends a Large Sum of Money