From I. All Instagram are Google (I) → Conversion → Some Google are Instagram (I) + Only a few Instagram are Facebook (I) → No conclusion. Hence conclusion II does not follow. Some Twitter are Google (I) + [All Instagram are Google (I) → Conversion] → Some Google are Instagram (I) → Probable conclusion → All Twitter can be Instagram (A). Hence conclusion II follows. From II. Some Facebook are Instagram (I) + All Instagram are Google (A) → Some Facebook are Google (I). Hence conclusion I does not follow. All Twitter are Facebook (A) + Some Facebook are Instagram (I) → No conclusion. Hence conclusion II does not follow. From III. All Google are Twitter (A) + No Twitter is a Facebook (E) → No Google is a Facebook (E). Hence conclusion I follows. No Twitter is a Facebook (E) → Conversion → No Facebook is a Twitter (E). Some Instagram are Facebook (I) + No Facebook is a Twitter (E) → Some Instagram are not Twitter (O) → Probable conclusion → All Twitter can be Instagram (A). Hence conclusion II follows. From IV. Only Twitter are Google → All Google are Twitter and Twitter can have negative relation with anyone. Hence conclusion I follows but conclusion II does not follow.
Which of the following is NOT a postulate of the Classical Model of full-employment equilibrium?
GDP at market price is given by?
With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. Its output is:
A country imposes a 10% tariff on imported vehicles but no tariff on imports of machinery or other inputs to the manufacture of vehicles. Suppose that u...
Which of the following statement is correct
Statement 1: Laffer Curve shows relationship between tax rates and the amount of tax revenue collect...
Consider the following Utility function U(x,y) = 9x+11y. The price of x and y are 8 and 10 respectively. The income of the consumer is 120. Calculate th...
According to the graph on the right, the equilibrium price in the market before the tax is imposed is
Consider the following production function
Y = F(K,AL) = K1/3(AL)2/3
Calculate the steady state level of output per ...
Classical economists argue that money is neutral because
An unbiased coin is tossed until a head appears. The expected number of tosses required is