Consider the Following Argument: "The SS Central America, a Steamship

question 61

Multiple Choice

Consider the following argument: "The SS Central America, a steamship carrying almost 600 passengers and 21 tons of gold from the California gold rush, sank off the Carolina coast in 1492. The oil tanker Exxon Valdez oil tanker ran aground in 1992, spilling tens of millions of gallons of oil in Alaska. Therefore, the Exxon Valdez spill was the largest oil spill in history." Which of the following is NOT a problem for this argument?

• A) At least one of the premises would be unacceptable to the average person.
• B) At least one of the premises is irrelevant to the conclusion.
• C) The premises are not sufficient to support the conclusion.
• D) At least one of the premises is invalid.

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Definitions:

Precautionary Principle

A strategy employed in policy and environmental decision making that encourages caution and preventive action in the face of scientific uncertainty.

Coupon Interest Rate

The annual interest rate paid on a bond, expressed as a percentage of the face value, and paid from issue date until maturity.

Issuance Price

The price at which securities, such as stocks or bonds, are sold to the public or investors when they are first offered.

Market Rate

Market rate, or market interest rate, refers to the prevailing rate of interest that borrowers and lenders can expect to transact at, in the wider market.