Determine Whether the Following Is Valid or Invalid

question 108

Short Answer

Determine whether the following is valid or invalid:
If the current economic policies were to put an end to the recession, then the administration would deserve a round of applause. But there can be no end to the recession without the creation of a large number of decent-paying jobs. It follows, then, that the only way the administration is going to get a round of applause is if a large number of decent-paying jobs get created.

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Definitions:

Efficient Level

The level of output where a firm or economy is maximizing its productivity and minimizing waste within its resources.

Tax

An obligatory financial contribution or different kind of levy enforced on an individual or entity by a government agency for the purpose of funding government activities and diverse public costs.

Total Damage

The cumulative harm or loss resulting from an event or series of events, often used in the contexts of legal claims or environmental impacts.

Market Level

Refers to the overall condition or status of a market, including factors like total supply, demand, price levels, and market participants.