If I Set My Alarm to Read 8:10 When It

question 12

Multiple Choice

If I set my alarm to read 8:10 when it is really 8:00 (i.e., it is 10 minutes fast) and the alarm goes off each day when it reads 8:10, it will be ______ but not ______.

• A) valid; reliable
• B) reliable; valid
• C) accurate; testable
• D) parsimonious; falsifiable

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Definitions:

Gross Domestic Product (GDP)

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, serving as a comprehensive measure of overall domestic production.

Investment

The allocation of resources, such as capital, with the expectation of obtaining an income or profit.

Corporation

is a legal entity that is separate from its owners, with its own rights and liabilities, and is created to conduct business.

Economics

The social science that studies the production, distribution, and consumption of goods and services.