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Table 3-3
Production Opportunities
-Refer to Table 3-3. Assume that England and France each has 40 labor hours available. If each country divides its time equally between the production of cheese and wine, then total production is
Deductive
A logical process in which a conclusion follows necessarily from the stated premises; inference by reasoning from general to specific.
Inductive
A method of reasoning in which general conclusions are drawn from specific instances or observations.
Sound Argument
An argument that is both valid (correctly structured) and has all true premises, leading to a true conclusion.
Deductive Argument
An argument that claims its conclusion necessarily follows from the premises.
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