Which of the Following Is True

question 244

Multiple Choice

Which of the following is true?
i.A rational choice is made on the margin.
ii.Microeconomics is the study of the national economy while macroeconomics is the study of the global economy.
iii.Economists try to understand how the economic world works by testing normative statements.

• A) only i
• B) i and iii
• C) only ii
• D) only iii
• E) i and ii

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Definitions:

Enthymeme

A rhetorical argument that contains an implied premise or conclusion which is not expressly stated.

Missing Premise

An unstated assumption or belief that is required for an argument's conclusion to be logically valid but is not explicitly provided.

Traditional View

The conventional or long-established perspective or belief in a particular context.

Existential Import

The quality of a proposition or statement that implies the existence of something.