Empirical Evidence Is Based on _____

question 119

Multiple Choice

Empirical evidence is based on _____.

• A) theories and speculation
• B) observation, experience, or experiment
• C) inferences based on personal biases
• D) opinions generated by focus groups

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Definitions:

Per-unit Burden

The cost or tax levied on each unit of a good or service.

Sellers

Individuals, companies, or entities that offer goods or services for sale in the market.

Tax

Compulsory contributions to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.

Per Unit Burden

The cost or tax imposed on a single unit of a good or service, affecting its production or consumption.