Write the letters "PHoc" next to examples illustrating the post hoc fallacy, the letters "Comp" next to examples illustrating the fallacy of composition, and the letters "Div" next to examples illustrating the fallacy of division.
Dir 5. The economic model of international trade shows that free trade between nations can improve average living standards in a nation as a whole. After analyzing this model, Ali concludes that each individual member of society will be better of when trade restrictions are eliminated and free trade occurs.
PHoc 6. John has observed that his stock portfolio performs best in those years when his favorite football team makes the playoffs. Therefore, he purchases more stock when his team is winning and sells off his stock when his team is losing.
Div 7. Alexandra owns a business that was facing tough competition from foreign suppliers. When trade restrictions were enacted, she was able to charge a higher price and earn more profit. Alexandra concludes that trade restrictions must be good for the economy as a whole because she is better off as a result when trade restrictions were enacted.
