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The Following Is a Valid Argument: the Average Household in America

question 126

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The following is a valid argument: The average household in America owns 2.2 cars. The Smiths are an average family. Therefore, they own at least 2.2 cars.


Definitions:

Opportunity Cost

The disqualification of possible advantages obtainable from other scenarios when one is embraced.

Motorcycles

Two-wheeled motor vehicles that are often used for transportation, recreation, or sport, known for their maneuverability and speed.

Hybrid Cars

Vehicles powered by a combination of an internal combustion engine and one or more electric motors, using energy stored in batteries.

Opportunity Cost

Opportunity Cost is the value of the next best alternative foregone as the result of making a decision.

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