In This Reading Salmon Explains the Problem of Induction Raised

question 7

Multiple Choice

In this reading Salmon explains the problem of induction raised by David Hume and examines several answers to it, including inductive, probabilistic, and pragmatic solutions.
-Salmon thinks that the problem of induction is

• A) illusory.
• B) overblown.
• C) a genuine problem.
• D) a nonproblem.

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Definitions:

Rule of Reason

A doctrine developed by the United States Supreme Court in antitrust litigation, which states that not all actions deemed to restrain trade are automatically illegal, but must be evaluated on a case-by-case basis.

Joint Ventures

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity, with profits and losses shared among them.

Sherman Act

A foundational antitrust law in the United States that outlaws monopolistic practices and promotes competition.

Felony

A serious criminal offense that is punishable by death or imprisonment for more than one year.