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Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
In spite of its hypocritical announcement that North Korea has ceased nuclear testing, it is safe to assume that the North Koreans have done no such thing, for at present we have no means of verifying their so-called moratorium.
Average Revenue
The amount of income generated per unit of sales or product sold, calculated by dividing total revenue by the number of units sold.
Competitive Firm
A business entity in a market where numerous sellers compete to sell their goods or services, implying no single seller controls the market prices.
Downward Sloping Demand
The economic principle that, all else being equal, demand for a good or service decreases as its price increases.
Total Revenue
The overall income generated by a business from the sale of goods or services before any costs or expenses are subtracted.
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