SOLUTION: MAT 145: Topics In Contemporary Math QUESTION 13 Identify which logical fallacy the argument uses. The price of gas has increased since the president took office. The pri

Question 1190467: MAT 145: Topics In Contemporary Math
QUESTION 13
Identify which logical fallacy the argument uses.
The price of gas has increased since the president took office. The price increased due to them becoming president!
Found 2 solutions by Alan3354, math_tutor2020:
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
MAT 145: Topics In Contemporary Math
QUESTION 13
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We don't need to know this.
Answer by math_tutor2020(3817) (Show Source): You can put this solution on YOUR website!

Answer: Correlation/Causation fallacy
There may be other ways to phrase this term, so be sure to ask your teacher for any clarification if necessary.
Also, try to see if you have a sheet of common fallacies to compare against.

A good example of this is the idea that ice cream sales and sunburns both increase in the summer time. They are correlated together. However, ice cream sales going up does not cause sunburns to increase, or vice versa. There's another confounding variable (namely the sun of course) that's causing both ice cream sales and sunburns to go up.

Going back to the president vs gas prices example, the president cannot increase the price of gas even if s/he wanted to. This is because price is a complicated matter and involves a lot of factors. Sure they could reduce the supply of gas, which in turn leads to a higher prices, but it doesn't make sense why the president would do this. They would want it the other way around.

This idea applies to the stock market as well. Regardless of what you hear, the fluctuations in the market are independent of the president or any individual.

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