We took a practice quiz last Thursday. It wasn’t collected, we just went over it in class and discussed the questions that people had problems with, etc. It was broken into two sections. In the first section you had to decide if the text presented was an argument or a nonargument, and if it was an argument, what its conclusion was. The second half of the quiz was determining if arguments were inductive or deductive, and strong/weak valid/invalid, but that isn’t the part that has me confused.
For the most part I did well on the practice quiz. However, this one question still has me in a state of non comprehension, which bothers the hell out of me, especially when it’s with school. I asked the questions in the class and the professor tried to answer them, but I still don’t get it. Here is the problem:
“Economics is the study of choice under conditions of scarcity. As individuals, and as a society, we have unlimited desires for goods and services. Unfortunately, the resources needed to produce those goods and services are scarce. Therefore, we must choose which desires to satisfy and how to satisfy them. Economics provides the tools that explain those choices.”
To ME, it seems like it goes like this (I’ve made my comments in red for excitement value):
Economics is the study of choice under conditions of scarcity. - Baseline definition of “economics”
*As individuals, and as a society, we have unlimited desires for goods and services. *- Issue 1 defining terms
Unfortunately, the resources needed to produce those goods and services are scarce. - Issue 2
Therefore, we must choose which desires to satisfy and how to satisfy them. - The problem between the two issues which fleshes out the original definition by giving a relevant example of what “choice under conditions of scarcity” means.
Economics provides the tools that explain those choices. - An expansion on the definition of “economics” which uses the examples for further clarity.
To me this makes it a definition/example and not an argument. According to the teacher, it is an argument with the conclusion being “Therefore, we must choose which desires to satisfy and how to satisfy them.” (And the things I pointed out as “issues” he claims are the premises of the argument.)
Me no understand. If you removed the first and last sentences, which define economics, I can see it being an argument for the necessity of some way to resolve the discrepancy between the unlimited desire and the scarcity of resources. However, the statements being there, it simply serves to explain what it is that economics’ purpose is, and thus seems to me to be a definition.
Can someone 'splain to me better?