Tariffs _______ a Deadweight Loss and Import Quotas _______ a Deadweight

question 115

Multiple Choice

Tariffs _______ a deadweight loss and import quotas _______ a deadweight loss.

• A) do not create; do not create
• B) create; do not create
• C) do not create; create
• D) create; create

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Definitions:

Middle Term

In the context of a syllogism in logic, the middle term is the term that appears in both premises but not in the conclusion, serving as a link between the two terms that do appear in the conclusion.

Major Premise

In deductive reasoning, the overarching statement or proposition from which a logical conclusion is drawn.

Minor Premise

The secondary or specific statement in a syllogism that, together with the major premise, leads to a logical conclusion.

Categorical Syllogisms

A form of reasoning consisting of three propositions: two premises and a conclusion, involving categories or groups.