Common Sense Statements Tend to Be Vague and Inconsistent, Are

question 627

True/False

Common sense statements tend to be vague and inconsistent, are based on limited casual observations, and work better after the fact.

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Definitions:

Positive Statement

An objective statement based on factual evidence that can be tested and validated as true or false.

U.S. Dollar

The official currency of the United States, used as a standard monetary unit for many international transactions.

Foreign Currencies

Currencies used in international trade and investment, outside of the domestic or home country's currency.

Post Hoc

A logical fallacy where one assumes that because one event followed another, the first event caused the second.