Which of the Following Questions Represents an Empirical Question

question 95

Multiple Choice

Which of the following questions represents an empirical question?

• A)Would Martin Luther King,Jr. ,have been a good American president?
• B)What is the meaning of life?
• C)Was the War of 1812 necessary?
• D)Is there life on other planets?

Appreciate the role of technology and efficient communication in reducing transaction costs and enabling greater volumes of trade.

Understand the economic rationale for specialization and comparative advantage in producing goods and services.

Understand the concept of transaction costs and their impact on market exchanges.

Identify the role and functions of middlemen in reducing transaction costs and facilitating trades.

---

Definitions:

Absolute Thresholds

The minimum intensity at which a stimulus can be detected by the senses 50% of the time.

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli, allowing organisms to focus on changes in their environment.

Fire Alarm

A device designed to detect fire or smoke and emit a loud warning sound to alert occupants of potential danger.

Cold Temperature

Refers to lower temperatures that can be naturally occurring or artificially created, often perceived as uncomfortable or requiring physiological adaptation by organisms.