The Process of Developing Hypotheses, Testing Them Against Facts, and Using

question 163

Multiple Choice

The process of developing hypotheses, testing them against facts, and using the results to construct theories is called:

• A)opportunity cost calculation.
• B)the scientific method.
• C)marginal analysis.
• D)microeconomics.

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Definitions:

Formal Report

An official document prepared to analyze a situation or problem, often leading to recommendations or plans of action.

Primary Sources

Original materials or evidence directly related to a topic under investigation, used in research.

Surveys

A method of gathering information from individuals, typically in the form of a questionnaire to collect opinions, behaviors, or demographics.

Primary Data

Information collected directly for a specific research purpose, gathered firsthand by the researcher.