Suppose Economists at the World Bank Develop a Theory with a Prediction

question 73

Multiple Choice

Suppose economists at the World Bank develop a theory with a prediction that increased levels of foreign aid lead to increases in per capita GDP in the recipient developing countries.They find empirical evidence that is consistent with this theory.The economists are able to conclude that

• A)the theory is valid,but should be subjected to continued scrutiny.
• B)the theory has been proven correct.
• C)the theory is always reliable.
• D)the evidence is rejected by the theory.
• E)the assumptions used in the theory have been proven correct.

Recognize the driving factors behind English territorial expansion and commercialism in the 1650s.

Understand the interactions and dynamics between Europeans (English) and Native Americans, including aspects of trade, conflict, and cultural perceptions.

Understand the role and impact of labor dynamics in British colonies in comparison to other New World empires.

Identify the economic and political motivations behind the Navigation Acts and assess their impact on Anglo-Dutch relations.

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Definitions:

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the market equilibrium price.

Short-Run World Demand

Refers to the total quantity of a good or service that is demanded globally over a short period of time, with at least one factor of production held constant.

Citric Acid Cycle

Series of chemical reactions in which citric acid is converted into oxaloacetic acid, carbon dioxide is formed, and energy is released. The oxaloacetic acid can combine with acetyl-CoA to form citric acid and restart the cycle. The energy released is used to form NADH, FADH2, and ATP.

Electron-Transport Chain

Series of electron carriers in the inner mitochondrial membrane; they receive electrons from NADH and FADH2, using the electrons in the formation of ATP and water.