1. The student relies on a survey of the study and sleep habits of 1,000 students,

1. The student relies on a survey of the study and sleep habits of 1,000 students, to conclude that if he sleeps 8 hours before his exam, this should guarantee a good grade. The student used the inductive method to reach the conclusion

a) True
b) False
2. The characteristics of the goods suggest the type of elasticity of demand they may have. For example, a staple product tends to have an elasticity of demand:
a) elastic
b) unitary
c) inelastic
d) perfectly inelastic