For a Hypothesis to Be Useful,which of the Following Traits

question 18

Multiple Choice

For a hypothesis to be useful,which of the following traits must it possess?

• A) testability
• B) simplicity
• C) generativity
• D) comprehensiveness

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Definitions:

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor, such as labor or capital.

Marginal Resource Cost

The additional cost incurred by acquiring one more unit of a resource, such as labor or raw materials.

Labor Demand Data

Information that reflects the quantity of labor that employers are willing to hire at various wage rates.

Labor Supply Data

Information or statistics that represent the total number of hours that workers are willing and able to work at different wage rates in a given time period.