Assume That the Premise(s) of the Following Argument Are True

question 9

Multiple Choice

Assume that the premise(s) of the following argument are true. Apply the other three tests of the worthiness of an argument in their proper order: "But if we don't study together, then I'm not going to get through the course. And if I don't get through the course, then I'm going to ruin my GPA and lose my financial aid. So if we don't study together tonight, then I'm going to lose my financial aid." That argument is an example of ________.

• A) a fallacy masquerading as a valid inference
• B) a fallacy masquerading as a warranted inference
• C) a fallacy of relevance
• D) a circular argument
• E) an argument that is worthy of acceptance, if the premises were in fact true

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Definitions:

Social Optimum

The most efficient allocation of resources that maximizes the overall benefit to society.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell.

Market

A place or virtual space where buyers and sellers come together to trade goods, services, or financial instruments, determining the prices through supply and demand.

External Cost

Costs of a transaction that affect people who are not part of the transaction.