Suppose That a Particular Theory Predicts That on Sunny Days

question 77

Multiple Choice

Suppose that a particular theory predicts that on sunny days consumption of ice cream will rise and that on cloudy days consumption of ice cream 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

• A)the evidence fails to reject the theory.
• B)the theory has been proven correct.
• C)the theory is always reliable.
• D)that the theory is not useful because consumption involves irrational human behaviour.
• E)the theory shouldn't be taken seriously.

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Definitions:

Reservations

Areas of land set aside by governments for indigenous peoples to live on and manage, with varying degrees of autonomy and self-governance.

Ledger Books

Financial record books that account for all transactions and balances in the double-entry bookkeeping system of a business.

Administrative Control

The systematic process of managing and regulating an organization's resources, operations, and policies to achieve its objectives.

Dynastic Marriages

Marriages arranged between royal families or noble houses to establish alliances, secure peace, or consolidate power.