Which of the following logical fallacies is inherent in the argument - "What…
2023
Which of the following logical fallacies is inherent in the argument - "What is good for each individual type of business cannot be bad for the economy as a whole"?
- A.
Red Herring
- B.
Fallacy of Composition
- C.
Slippery Slope
- D.
False Cause
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Correct answer: B
The argument commits the Fallacy of Composition. This fallacy occurs when one assumes that what is true for a part must also be true for the whole. In this case, assuming individual business benefits automatically translate to overall economic benefit ignores aggregate effects and interdependencies.