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The privatization of public enterprises will lead to the efficient management of resources in the...

Economics
JAMB 2018

The privatization of public enterprises will lead to the efficient management of resources in the economy. This statement can best be described as_____________

  • A. deductive reasoning
  • B. positive reasoning
  • C. normative reasoning
  • D. inductive reasoning
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Correct Answer: Option D
Explanation

Inductive reasoning is a type of logical thinking that involves forming generalizations based on specific incidents you've experienced, observations you've made, or facts you know to be true or false. 

For a fact, we all know that privatization of public enterprises leads to efficiency in those enterprises, therefore the statement above ''The privatization of public enterprises will lead to the efficient management of resources in the economy'' for fact, has been proven to be true from experience and observations.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free