If the First Two Statements Are True, Is the Third

question 193

Multiple Choice

If the first two statements are true, is the third statement true?
All students at St. Joseph's High School wear brown shoes.
Meagan is a student at St. Joseph's High School.
Meagan wears black shoes.

• A)yes
• B)uncertain
• C)no

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Definitions:

Consumption

The process of using goods and services by households or individuals, contributing to overall economic activity.

Disposable Income

The amount of money individuals or households have available for spending and saving after income taxes have been deducted.

Consumption

The use of goods and services by households that leads to a decrease in their availability.

Disposable Income

Available financial merits for households towards spending and saving following income tax subtractions.