Syllogisms Contain at Least Two Premises Leading to a Conclusion

question 52

Multiple Choice

Syllogisms contain at least two premises leading to a conclusion. They are

• A) inductive and deductive premises.
• B) major and minor premises.
• C) introduction and conclusion premises.
• D) exemplary and evidentiary premises.

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Definitions:

Market Failure

A less than efficient allocation of resources.

Public Goods

Public goods refer to commodities or services that are made available to all members of a society, typically funded by the government, and characterized by non-excludability and non-rivalry in consumption.

Externalities

Consequences of an economic activity experienced by unrelated third parties; can be positive or negative.

Market Failure

A situation where the allocation of goods and services by a free market is not efficient, often justifying government intervention.