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Problem

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question

One of the reasons Adam Smith supported the Free Market was because he believed that what is good for the individual is good for the country. So, since everyone would like to choose what they want to buy, it must be good for the country to give everyone free choice. Identify the error in Smith's logic and give a counter example.

category

economics

options

  1. Circular reasoning fallacy
  2. Ad hominem fallacy
  3. Slippery slope fallacy
  4. Red herring fallacy
  5. Hasty generalization
  6. Straw man fallacy
  7. Post hoc ergo propter hoc fallacy
  8. Fallacy of composition
  9. False dilemma fallacy
  10. Appeal to ignorance fallacy

src

stemez-Economics

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