Answer:
<h3> b. small, incremental adjustment.</h3>
Explanation:
In economics, the term marginal change implies to small incremental change in the existing trend of the market or economy. Marginal change does not usually affect the whole economy but may result in a slight difference in the aggregate results.
For example, if a retailer raises the price of a product from $9 to $10 due to increase in marginal cost of the product, it is a marginal change.
Or suppose the average cost of a bus ticket to the next city cost $20 and the total cost of the 40 seats is $800 dollars. But imagine if three seats remained empty and one passenger who did not book a seat wants to pay $15 for a ticket, the driver will willingly accept the offer because although the average cost of a ticket is $20, the marginal cost is merely the cost of the ticket. The driver has to recover gas money from all the three empty seats.
Answer:
1. In<u>ductive argument</u>.
2. <u>Inductive argument.</u>
3. <u>Deductve argument.</u>
Explanation:
1. This argument is inductive. The conclusion is a generalization, that is drawn by a premise, the premise has been obtained out of experimentation.
If two grains of sand have diamons, it doesn´t mean the entire beach is made of them. This argument is not strong because the conclusion is not accurate.
2. This is a deductive argument. This type of argument depends on the logic struture of it. If the premise were to be true, the conclusion would be true also.
It is not a sound argument, because thanksgiving happends every fourth thursday of november. It is an invalid argument because the premise is false, there for the concusion is false.
3. This is an invalid deductive argument. The premise is incorrect, so the conclusion that is being deduce from it is also wrong. It is not a sound argument because if you double the length of the sides of a square, the area would quatriple.
B. Government regulation is necessary to stabilize the economy.
That's the answer.
Mass production facilitates the efficient production of a large number of similar products.
