Please answer this.

Discussion #1: Economic Thinking and Fallacies Learning Objectives I To explain the role of scientific methods In developing economic theory. I To iiiustrate iogicai faiIaCies in economic thinking. Illustrate Review pages xiv- mii (Economics Toolkit) of the textbook, and consider the various forms of thinking and fallacies that affect economic understanding, misunderstanding, and decision making. Identify and share an example of one possible iogicai faliacy Can you find a current event that might be an exampie of such a faliacy? How does this fallacy counter the scientific method of thinking about economics? Some areas to expiore that might induce logical failacy are: I Environmental concerns and how the world perceives oil and gas production. I The extent to which Canada relies heavily on American trading. I The effects of government support for those unemployed on a mass scale. I The increase of webehased seniioes and the impact on our national eoonomy. Present Share your example in Discussion #1: Economic Thinking and Fallacies. Respond to two other postings by next week to create a diaiogue about the development of differing Views and false perceptions about economics