Which of the Following Statements About Economic Methodology Is Correct

question 68

Multiple Choice

Which of the following statements about economic methodology is correct?

• A)An economic law is a cause-and-effect relationship that has been verified by a controlled experiment.
• B)The test of a theory's validity is its usefulness in explaining reality.
• C)An economic law is a statement about group behavior that is based on the observed behavior of a single individual.
• D)An economic law, because it is based on probabilities, can only be expected to be true about half the time.
• E)Assumptions are ignored in the development of hypotheses.

Understand the humanistic perspective on personality, emphasizing self-actualization and conditions of worth.

Analyze the role of the self-concept and self-verification in one's psychological experience according to Carl Rogers.

Differentiate the psychoanalytic and humanistic views on the nature and development of personality.

Understand the basic concepts and definitions of options, including calls and puts.

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Definitions:

Rehabilitation Act

A landmark legislation in the United States that prohibits discrimination on the basis of disability in programs conducted by Federal agencies, in programs receiving Federal financial assistance, and in Federal employment.

Just Say No

An anti-drug campaign promoted in the 1980s by US First Lady Nancy Reagan, encouraging youth to resist peer pressure by simply saying "no" to drugs.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or profits.

Strategic Defense Initiative

was a proposed missile defense system announced by President Ronald Reagan in 1983, intended to protect the United States from attack by ballistic strategic nuclear weapons.