Consider this argument: "Stock today closed slightly lower on moderate trading. This was after an announcement last night that Middle Eastern oil producers were planning to increase the price of a barrel of oil by 1.5% over the next 18 months. The slide in the market was probably reacting to that announcement. Don't you agree?" That argument is an example of ________.
A) the False Dilemma fallacy
B) the fallacy of Playing with Words
C) a False Cause fallacy
D) a warranted argument
E) a valid argument

Question

Quizplus · Accepted Answer

The argument is an example of the False Cause fallacy, as it assumes that the decrease in the stock market is directly caused by the announcement of the price increase in oil, without providing any evidence to support this causal relationship. Other factors may have contributed to the slight decrease in the market, and the argument does not acknowledge or address them.

Consider This Argument: "Stock Today Closed Slightly Lower on Moderate