an example of a modus ponens argument

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Q: Positive economics is the focus on facts and cause-and-effect behavioural relationships and includes…

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: The text attributes various functions to arguments, including to justify, to persuade, and to…

A: TRUE

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: Of the persuasion principles, which one explains why people got off work early to purchase Lysol…

A: Scarcity: Scarcity refers to the limited availability of resources, goods, or services in relation…

Q: 2) What is institutional economics? How is it different from mainstream economics? Why institutional…

A: It is also known as institutionalism school of economics, It was developed in the early 90s in the…

Q: Why might the multiple-play ultimatum game have a different result than the single-play ultimatum…

A: Ultimatum game is a situation where people are more generous to give the benefit to other person 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: There are following Merits and demerits of deductive method. Explain

A: The deductive method is generally used in the research projects where the researcher takes the study…

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

A: Economics is the social science that examines how people, organisations, and society make decisions…

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: advantages and disadvantages of using positivist methodology in economics

A: Positivists are the group which prefer quantitative ways in research which they believe is more…

Q: What is Leontief’s Theorem all about?? Explain!

A: International trade provided many theories to explain which country should export what and which…

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: Discuss the pros and cons of utilitarianism.

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

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: 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: “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: What do you understand the term “argument” to mean? Give one or more examples of arguments in…

A: The argument is a term used to define coherent series of statements, facts, or reasons that are…

Q: Why might prospect theory-like behavior be rational? Why do many behavioral economists argue that…

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Q: What does the Heckscher-Ohlin theorem say? Does the theorem make intuitive sense? Why / why not?

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Q: How do stare decisis and legal reasoning relate to each other? When is the Supreme Court justified…

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

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

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Q: d)  Another classmate cares more about good grades: She gets 50 units of happiness for a B and 80…

A: When both works hard then both get A and when one of them works hard then both get B. When neither…

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

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

Q: Achange in x will lead to a change in y .The predicted change is desirable .so we should change x…

A:

Q: Which of the following statements is FALSE? a.) Economists seek to apply the scientific method to…

A: Scientific models do not attempt to explain every circumstance or every aspect because they are…

Q: A standard result in the Law and Economics of Crime is that if you double the fine for committing a…

A: This might not always work because 1)It might not increase efficiency of police department.