Question 3
Basic ConceptsIf the increase in the price of yams is used to estimate the inflation rate, this is an example of
- A.deductive reasoning
- B.inductive reasoning
- C.normative reasoning
- D.positive reasoning
Show the answer and explanation
Answer: B (inductive reasoning)
Explanation
Inductive reasoning moves from a particular observation, here yam prices, to a general conclusion about prices as a whole.