The Definition "'Watch' Means a Small Portable Timepiece" Is an Example

question 152

Multiple Choice

The definition "'Watch' means a small portable timepiece" is an example of:

• A) A synonymous definition.
• B) A definition by genus and difference.
• C) A stipulative definition.
• D) A demonstrative definition.
• E) An enumerative definition.

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Definitions:

Agricultural Products

Items derived from farming or the cultivation of animals, including food, fiber, and other goods.

Surpluses

Occurs when the quantity of a good or service supplied exceeds the quantity demanded at a given price.

Binding Price Floor

A minimum price set by the government above the equilibrium price, leading to a surplus of goods or services in the market.

Supply And Demand

A model that explains how the interaction between product availability and consumers' desire determines the price of goods and services.