A economist argues that a free market economy is the most efficient, citing the example of a successful company. What is the main flaw in this argument?
Q1. A economist argues that a free market economy is the most efficient, citing the example of a successful company. What is the main flaw in this argument?
Answer: The example is anecdotal and not representative
Explanation: Anecdotal evidence is not sufficient to support a general claim. USAT, HAT and MDCAT analytical sections repeat this pattern.