If a theory can predict those things that you should observe if it is right and can also predict those things that you should observe if it is wrong, it is said to have the virtue of falsifiability
Indicate whether the statement is true or false
True
You might also like to view...
Consumer surplus is represented by the area under the supply curve but above the price
Indicate whether the statement is true or false
The larger the number of suppliers, the _____________the market supply.
Fill in the blank(s) with the appropriate word(s).
One In the News article titled "Fed to Expand Bond-Purchase Program" suggests that interest rates
A. Decrease aggregate supply. B. Will rise to encourage less borrowing for home mortgages and other loans. C. Will fall to encourage more borrowing for home mortgages and other loans. D. Will rise to encourage more savings.
Which of the following will reduce the supply of motorcycles?
a. An increase in the population age 16 to 35, the primary consumers of motorcycles. b. An increase in taxes imposed on motorcycle producers. c. A technological improvement reducing the production costs of motorcycles. d. A government study that reveals motorcycle riders, on average, live 10 years longer than those who don't ride motorcycles.