Concluding That a Person Drinks Too Much Because He\she Is

question 61

Multiple Choice

Concluding that a person drinks too much because he\she is an alcoholic is an example of _____ reasoning.

• A)logical
• B)circular
• C)inductive
• D)deductive

---

Definitions:

Spot Market

A public financial market in which commodities or financial instruments are traded for immediate delivery and payment.

Expected Inflation

The predicted average increase in prices across the economy over a specified period.

Purchasing Power Parity

An economic theory that compares different countries' currencies through a "basket of goods" approach to determine the relative value of the currencies.