"If All Birds Are Warm-Blooded, and If All Canaries Are

question 33

Multiple Choice

"If all birds are warm-blooded, and if all canaries are birds, then all canaries are warm-blooded." This is an example of a(n) __________, which is a(n) __________ argument.

• A)syllogism; inductive
• B)analogy; heuristic
• C)syllogism; deductive
• D)algorithm; inductive

---

Definitions:

Pumpkin Market

A hypothetical or specific market segment dealing with the trading of pumpkins.

Total Surplus

Total surplus is the sum of consumer surplus and producer surplus in a market, representing the total benefits to society, including both the gains from trade to buyers and sellers.

Gains from Trade

The benefits obtained by countries from engaging in international trade, often resulting from specializing in the production of goods for which they have a comparative advantage.

Equilibrium

The point at which the quantity of a good or service demanded equals the quantity supplied, determining the market price.