A Hypothesis Is

question 81

Multiple Choice

A hypothesis is

• A) an idea that has been rigorously tested and never been disproven.
• B) an idea that has been rigorously tested and only been disproven a few times.
• C) an idea that can be tested and falsified.
• D) an opinion.
• E) an idea based on a person's experience or knowledge.

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Definitions:

Recessionary Gap

A situation where real GDP is less than potential GDP, indicating underutilized economic resources.

Social Security Surplus

The excess funds collected through Social Security taxes over the amounts paid out as benefits.

Billion

A numerical value equivalent to 1,000 million, often used to denote a very large quantity or amount in financial and statistical contexts.

Opportunity Costs

The loss of potential gain from other alternatives when one alternative is chosen, representing the benefits one misses out on when making a decision.