Determine Whether Each of the Following Arguments Is Intuitively Valid

question 38

Short Answer

Determine whether each of the following arguments is intuitively valid or invalid. For valid arguments, determine whether they are sound (if you can).
-All eagles are birds. Eagles are endangered species. So, birds are endangered species.

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Definitions:

Market Economy

An economic system where supply and demand from consumers direct the production of goods and services and determine their prices.

Goods And Services

Refers to the tangible products and intangible services that are produced and consumed within an economy.

Central Planning

An economic system in which decisions about production, investment, and distribution are made by a central authority, typically in a government.

Income

The amount of money received over a period of time, usually from work, investments, or business activities.