Chain Argument Quiz

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The following quiz concerns this passage: "According to Wall Street analysts, the Dow Jones Industrial Average (DJIA) will continue to rise only if interest rates stay low. And if interest rates are low, then the dollar will fall in value and the trade gap will widen. And if the dollar falls in value, stocks will be worth less." In each case, you will be given a second premise, and then asked what can be concluded about (1) the DJIA, (2) the value of the dollar, and (3) the trade gap. Begin by restating the passage as a conditional chain argument, and then go on to the questions.
1. If we know that stocks are worth less, what can we conclude about the
A. DJIA?     Rises.    Doesn't rise.     Invalid.

B. Trade gap?     Widens.     Doesn't widen.     Invalid.

C. Dollar value?     Falls.     Doesn't fall.     Invalid.


2. If we know that stocks are not worth less, what can we conclude about the
A. DJIA?     Rises.    Doesn't rise.     Invalid.

B. Trade gap?     Widens.     Doesn't widen.     Invalid.

C. Dollar value?     Falls.     Doesn't fall.     Invalid.


3. If we know that interest rates stay low, what can we conclude about the
A. DJIA?     Rises.    Doesn't rise.     Invalid.

B. Trade gap?     Widens.     Doesn't widen.     Invalid.

C. Dollar value?     Falls.     Doesn't fall.     Invalid.


4. If we know that interest rates do not stay low, what can we conclude about the
A. DJIA?     Rises.    Doesn't rise.     Invalid.

B. Trade gap?     Widens.     Doesn't widen.     Invalid.

C. Dollar value?     Falls.     Doesn't fall.     Invalid.



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