Decide Whether the Argument Is Inductive or Deductive

question 10

Multiple Choice

Decide whether the argument is inductive or deductive.
-Fresh fruit is expensive in winter. This is January, so these fresh strawberries will be expensive.

• A)Deductive
• B)Inductive

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Definitions:

CPI

This index reflects the mean shift in costs over time for a collection of consumer goods and services as experienced by urban buyers.

Ear of Corn

An ear of corn is the part of the corn plant that contains the kernels, which are the seeds of the plant, encased in a husk.

Nominal Interest Rate

The interest rate before adjustments for inflation, often reported on a per annum basis.

Real Interest Rate

The interest rate adjusted for inflation, reflecting the true cost of borrowing and the real yield to savers and investors.