Assignment #2: Chapter 1 Due Friday 9/15

1.  How would an economist view and explain the promotional advertisement below?





2.  Write a model statement/example for each of the following:


a.  Loaded Terminology
b.  Fallacy of Composition
c.  Correlation versus Causation






3.  Assess the validity of this statement using information from the chapter:


"Economics is a science because it utilizes data and statistics to prove or disprove theories through experimentation and observation."