an example of a modus ponens argument

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A: The two branches of modern economics are: Normative economics and Positive economics. Positive…

Q: If you are the employer of a business establishment, how will you apply utilitarianism using…

A: The utilitarian is used by the business firms to analyze and evaluate the decisions in light of its…

Q: Logic Philosophy Please solve and show steps ¬(P ∨ Q) ⊢ ((Q ∨ S) -> S)

A: Here are the summarized steps on how I accomplished this task:1. Given Propositions: Identify the…

Q: Is it okay for a company to take a utilitarian approach and use deception or lies about their…

A: It is okay for a company to take a utilitarian approach and use deception or lies about their…

Q: Discuss on Jevons paradox.support argument with example

A: The Jevons paradox is when the technology is in progress or there is an increase in efficiency due…

Q: Using 'The Evolution of Economic Thought' book by Randy R. Grant and Stanley L. Brue as reference.…

A: Introduction The neoclassical school of economic thought is rooted in the classical economic theory…

Q: A Well tested or widely accepted economic theory is often called an economic principle

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Q: ose an airline company has a round trip flight from Houston to Cancun to Houston. Soaring oil prices…

A: It has been stated that deteriorating economic conditions has resulted in collapse of many airlines.…

Q: Trade-offs can always be considered in terms of opportunity costs.  True  False

A: Trade-off implies the exchange of one thing to get another. And the opportunity cost implies the…

Q: In 1989 the Chrysler Corporation released figures showing that its employee health care costs were…

A: Competitive-advantage is the ability of a country/company/firm to out-perform its competitors and it…

Q: Why do economic agents always respond to incentives

A: Why do economic agents always respond to incentives? Answer: Positive incentives are those rewards…

Q: Regarding the distributive justice hypothesis, I thought utilitarianism was the most persuasive.…

A: It can be defined as the satisfaction, well-being, or benefit that an individual gets from consuming…

Q: In economics : a) there are different explanations of the same subject b) truth is time and space…

A: Economics: - Economics is the study of the human behavior of taking different decisions to satisfy…

Q: Is the death penalty a deterrent to murder? One way to answer is to compare homicide rates in U.S.…

A: Correct option is (a).

Q: a) Define negative reciprocity, and b) explain why this is the way that our current market-based…

A: Negative Reciprocity is a situation that occurs when a party tries to get more from the exchange as…

Q: Utilitarianism ethics theory is used to justify the economic theory. Select one: True False

A: Utilitarianism is a normative ethical theory that holds that the right action is the one that…

Q: Discuss the pros and cons of utilitarianism.

A: Utilitarianism views supports actions that increases the overall utility of the society. The main…

Q: Does the Washington Monument strategy cut the items with the highest marginal utility or the lowest…

A: The amount of satisfaction that an individual receives from the consumption of a good or service is…

Q: In a economic model is to be any good, it must make assumptions that are exact replicas of reality.…

A: here we find the correct answer as given below;

Q: When a market is in equilibrium, the economic problem has been solved. Comment on the truth or…

A: Market equilibrium refers to the point at which the quantity demand is equal to the quantity…

Q: The international terror campaign being waged by Al Qaeda has an underlying economic motive. T or F?

A: Terrorism is defined as the use of violence and fear to achieve an ideological goal in its broadest…

Q: Banks do not take steps to increase security since they believe it is less costly to allow some bank…

A: Incentive refers to the monetary push an individual receives to do something which helps increase…

Q: “In the Porter’s Five Forces model, the threat of substitute products refers to ______.”

A: The Porter's five force framework is tool that is used to understand the competitiveness of the…

Q: Banks do not take steps to increase security since they believe it is less costly to allow some bank…

A: The financial incentive that motivates someone to take action increases both their benefit and the…

Q: The idea that standard economic model is a good predictor of behavior if people have sufficient time…

A: Preference hypothesis can be understood as, if a consumer is given to choose a combination A out of…

Q: Question # 1 Revisit Given below are an assertion and a reason, Write option A if both assertion and…

A: The assertation that "Iterated Elimination of strictly dominated strategy requires only the…

Q: When an issue is complex, how do utilitarians often assess a proposed course of action? A) By…

A: Utilitarians: Individuals who follow the ethical theory of utilitariansim, which evaluates the…

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A: A lot of time of the researchers and scientists go into the formulation of models and then the…

Q: Researchers present participants a raffle for a trip to Hawaii in which 10 tickets in total are…

A: The travellers may wants to access with the benefits of 1st ticket and the 5th ticket which could be…

Q: Do you agree that human beings, having the ability to direct their own behavior by rational decision…

A: Answer 1 Assuming you say indeed, you feel that individuals can never be constrained right into it…

Q: What does rationalism mean within the context of political economy?

A: Political economy refers to the branch of social sciences that studies the interrelationships among…

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A: To guarantee the security and efficacy of medical goods and services, government organizations and…

Q: If pigs can fly, then Ugly Betty will win a beauty contest. Pigs cannot fly. Therefore, Ugly Betty…

A: The information is given as an argument examining two statements. The first statement makes…

Q: Why are Adam Smith's economic views more valuable. Provide three reasonings

A: Adam Smith gave the theory of absolute advantage in international trade which means that the country…

Q: Is the international gold standard is an example of spontaneous order?

A: The international gold standard is a system where gold or currency which is convertible into gold at…

Q: The most important assumption in economics is-  complexity selfishness rationality human error

A: Economics is defined as the production of goods and services that are distributed in an economy. It…

Q: A key principle of economics is that people respond to incentives. An incentive... Could be a…

A: In understanding the key principle of economics, which states that people respond to incentives, it…