Two statements are given followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance with commonly known facts, decide which of the conclusions logically follow(s) from the statements.
Statements:
Some watches are clocks.
Some clocks are minutes.
Conclusions:
I. Some minutes are watches.
II. All minutes are watches.
Some watches are clocks (I) + Some clocks are minutes (I) → No conclusion. Hence neither conclusion I nor II follow.
In the case of cost-push inflation, other things being equal:
In a frequency distribution the last cumulative frequency is 500. Q3 must lie in?
When the share of output going to capital is 0.25, the share going to labor is 0.75, output increases 4%, labor increases 1%, and capital increases 2%, ...
Judging from the figure, a person that chooses to consume bundle C is likely to
