"the spanish colony of mexico city, established in the early 1500s, quickly became the most important settlement in mexican history. since then, it has grown and developed into the largest city, and capital, of mexico."

identify the bias and fallacious argument of the passage above. you may need to conduct quick research to find more information on the topic.

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.