CRITICAL THINKING

You can type your answers right on this document. You are welcome to hand write the assignment and turn it in during class time or turn it in through the drop box also found in the “Week 7” folder. For the Venn diagrams, you are welcome to draw and then scan or take a picture of them; you can then submit both a document with the Venn diagrams as well as a document with questions 3 and 4 (the safe assignment allows you to attach more than one document before you submit the assignment). If you plan to submit it electronically, when you save it, append the file name(s) with .LastnameFirstname before submitting it through “safe assignment” found in the “Week 7” folder(If you are submitting more than one document, add .1 or .2 or .3 for each additional document.). For example, if Rachel Bentley were saving and submitting it, the file name would be A3.BentleyRachel and if submitting more than one document the file names would be A3.BentleyRachel.1 A3.BentleyRachel.2 A3.BentleyRachel.3 etc.

1. Represent the following sentences on a two circle Venn Diagram. Clearly label the circles.

A. Some ALDS games are not on TBS.

B. Nobody that saves for retirement regrets it.

C. Every rational person maximizes expected utility.

D. Some consumers are more influenced by a change in price than by the price itself.

E. It’s not true that all impulse purchases are emotion-based.

2. Using a three-circle Venn Diagram, check the following categorical arguments for validity.

A. Some advertisers try to create a new ideal state for consumers. Some advertisers try to create dissatisfaction with the consumer’s current state. So, some who try to create a new ideal state also try to create dissatisfaction with the current state.

B. No sophisticated diners leave their napkins on the table after they sit. Everyone who plans to stand to shake hands with late-comers leaves her napkin on the table after she sits. It follows that no one who plans to stand and shake hands with late-comers is a sophisticated diner.

C. Some businesses with fewer than twenty-five employees will not receive a federal tax credit. This is true because, some business with fewer than twenty-five employees will not offer health insurance to their employees, and all companies who offer health insurance to their employees will receive a federal tax credit.

D. Some economies are agrarian. No developed economies are agrarian economies. So, some economies are not developed.

E. All wars are fought for economic reasons. Some wars are fought for religious reasons. Therefore, some wars are both religious and economic.