Question
Statements: Some children are parents. All
parents are infants. Some infants are adolescent. Conclusions: I. At least some adolescent are parents. II. All infants being parents is a possibility. III. Some infant are definitely children. IV. Some parents are adolescent. In each question below are given some statements followed by some conclusions numbered I, II, III and IV are given. You have to take the given statements to be true even if they seem to be at variance with commonly known facts and then decide which of the given conclusions logically follows from the given statements, disregarding commonly known facts.Solution
All parents are infants(A) + Some infants are adolescent(I) ⇒ No conclusion. Hence conclusion I and IV does not follow. All parents are infants(A) ⇒ Conversion ⇒ Some infants are parents(I) ⇒ Probable conclusion ⇒ All infants being parents is a possibility(A). Hence conclusion II follow. Some children are parents(I) + All parents are infants(A) ⇒ Some children are infants (I) ⇒ Conversion ⇒ Some infant are children(I). Hence conclusion III follows. ALTERNATE SOLUTION: Relevant Minimal Possibility: 
In the Constant Elasticity of Substitution (CES) production function, the value of the elasticity of substitution (σ) typically lies within which of th...
The data about sales and advertisement expenditure of a firm is given below
Â
Country A can produce 10 units of cloth or 20 units of wheat per day. Country B can produce 15 units of cloth or 15 units of wheat per day. Which of the...
The "Multiplier" effect is larger when the marginal propensity to consume (MPC) is:
What is the value of the balanced budget multiplier?
In the business cycle, the phase where economic activity is at its lowest point is called:
If the marginal propensity to save is 0.3 and the marginal propensity to import is 0.1, and the government increases expenditures by Rs. 10 billion, ign...
An oil exploration company intends to drill an exploratory well in each of two geologically unrelated regions A and B. If the probability of f...
Suppose incomes double over a period of years. Which sorts of product will experience the biggest increases in price?