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The basic factors of production include
Affirming the Consequent
A logical fallacy where one incorrectly infers a cause from an effect.
Thermostat
A device that automatically regulates temperature or turns systems on or off when the temperature reaches a certain point.
Affirming the Antecedent
A valid form of deductive reasoning in which the truth of the first premise guarantees the truth of the conclusion (If P, then Q. P, therefore Q).
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