If You Reasoned That Since It Rained for Three Weeks

question 46

Multiple Choice

If you reasoned that since it rained for three weeks straight when the sun was out, and on the 22ⁿᵈ day the sun came out, so it will probably rain that day also, what type of reasoning did you use?

• A)inductive reasoning
• B)deductive reasoning
• C)reasoning under certainty
• D)reasoning with representativeness

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Definitions:

Taxes on Imports

Financial duties applied to goods brought into one country from another, typically used to protect domestic industries and generate revenue.

Trade Deficit

An economic measure where a country's imports exceed its exports over a certain period, indicating an outflow of domestic currency to foreign markets.

Comparative Advantage

The basis of most international trade, when a country specializes in products that it can supply more efficiently or at a lower cost than it can produce other items.