Which of the Following Best Describes a Generalization

question 10

Multiple Choice

Which of the following best describes a generalization?

• A) an argument that guarantees the truth of its conclusion.
• B) an argument that claims that something is the cause of something else.
• C) an argument that claims a group is likely to have some characteristic on the grounds that a subset of that group has that characteristic.
• D) None of these answers is correct.

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Definitions:

Buyers And Sellers

Participants in a market where buyers exchange money for goods or services from sellers, creating economic transactions.

Deadweight Loss

The loss of economic efficiency that occurs when the equitable balance of supply and demand is not achieved due to market distortion.

Tax Increases

Governmental action to raise the amount of money collected from taxes, often affecting income, sales, or property taxes.

Deadweight Loss

An inefficiency in the market where the total surplus of producer and consumer is not maximized due to factors like taxes or subsidies.