A Claim Must Be Falsifiable in Order to Be Useful

question 37

Multiple Choice

A claim must be falsifiable in order to be useful.However,we also need this claim to be

• A)consistent with the available body of evidence.
• B)parsimonious in its explanation of the evidence.
• C)replicated by others.
• D)all of the above.

---

Definitions:

Midpoint Method

A technique used in economics to calculate the elasticity of demand or supply by using the midpoint between two points on a curve instead of relying on the initial or final point alone.

Price Elasticity

An indicator of the degree to which the demand for a product reacts to shifts in its price, showing how susceptible demand is to price fluctuations.

Equation

A mathematical statement that asserts the equality of two expressions, usually written with an equals sign ("=").

Midpoint Method

A technique used in economics to calculate the elasticity of demand or supply by taking the average of the starting and ending prices and quantities.