Explanation:
I follows from the general rule 'all birds have wings' applied to penguins. II is a fallacy; having wings doesn't make a bat a bird. Only I follows.
Statement: The Bank of England's move to auction 25 metric tons of gold drew plenty of bidders looking for a bargain, but was criticized by major gold producers worldwide.
Conclusions:
I. The Bank of England should not auction gold which it possesses to keep steady international prices of gold.
II. Bidders should quote higher gold prices to retain present value of gold in the international markets.
Explanation:
Neither conclusion follows. The statement merely reports the auction and the criticism; it does not logically lead to a 'should' statement about whether the auction should happen (I). Similarly, advice to bidders (II) is not a logical conclusion from the given information.
No comments yet. Be the first to start the discussion!