Suppose That a Particular Theory Predicts That on Monday,Wednesday,and Friday

question 10

Multiple Choice

Suppose that a particular theory predicts that on Monday,Wednesday,and Friday the stock market will rise and that on Tuesday and Thursday the stock market will fall.If an economist tests this theory and finds that over a six- month period the theory predicts accurately,the economist would likely say that the theory

• A)has been proven correct.
• B)shouldn't be taken seriously.
• C)is reliable.
• D)is not rejected by the evidence.
• E)is not useful because stock markets involve irrational human behaviour.

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Definitions:

Product Leader

A person or company that leads in the development, innovation, and marketing of new or existing products, often setting standards or trends in their industry.

Purchasing Agents

Individuals within an organization who are responsible for negotiating, acquiring, and managing the purchase of goods and services.

Buying Center

The group of people within an organization who are involved in a purchase decision.

Gatekeeper

An individual or entity that controls access to something, often information or resources.