Fallacy+of+Composition

Fallacy of Composition is the assumption that what is true for one member of a group or one thing may be true for all or the group. This is a logical fallacy, meaning although a logical thought, the assumption is not correct and cannot be taken for granted. In economics it is important to realize that things cannot be taken for granted. It must be remembered that what might be true for one part of the economy or market is not true for all. For example, if one person in AP econ is smart, it can't be assumed that everyone in AP Econ is smart. This is a fallacy of composition. An example in economics could be sellers. For example if one farmer ha a huge crop, it is probable that they will make a larger amount of money. Yet while this helps the one farmer, it cannot be said that all farmers will gain from the one farmers crop. More specifically, if all farmers do have a larger crop yield, prices will actually go down because there is less demand. media type="youtube" key="fJuNgBkloFE&hl=en&fs=1" height="344" width="425" An example of fallacy of composition is that people from other countries hear some Americans say stupid things so they assume that all Americans are stupid.
 * Fallacy of Composition**

Example: A man sees a Lamborghini Murcielago The Murcielago is an exotic sport car He then assumes that all Lamborghinis are exotic sport cars

[|Link 1] [|Link 2] [|Link 3]

Example

Sample Question: Fallacy of Composition is A) the assumption that what is true for one member of a group or one thing may be false for the whole group B) the assumption that what is true for one member of a group or one thing may be true for the whole group C) an stupid assumption D) the assumption that what is true for all members of a group is true for at least one member of the group

the answer is ....

B