Legislation to protect red-cockaded woodpeckers created incentives that resulted in premature harvesting of trees the woodpeckers like to nest in. This is an example of which of the following pitfalls to avoid in economic thinking? O the fallacy of composition O Association is not causation. O the use of ceteris paribus conditions in economic analysis O Good intentions do not always lead to desirable outcomes.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter1: The Role And Method Of Economics
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Legislation to protect red-cockaded woodpeckers created incentives that resulted in premature harvesting of trees the woodpeckers like to nest in. This is an example
of which of the following pitfalls to avoid in economic thinking?
O the fallacy of composition
O Association is not causation.
O the use of ceteris paribus conditions in economic analysis
O Good intentions do not always lead to desirable outcomes.
Transcribed Image Text:Legislation to protect red-cockaded woodpeckers created incentives that resulted in premature harvesting of trees the woodpeckers like to nest in. This is an example of which of the following pitfalls to avoid in economic thinking? O the fallacy of composition O Association is not causation. O the use of ceteris paribus conditions in economic analysis O Good intentions do not always lead to desirable outcomes.
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