If a Theory Can Be Potentially Disproved,____

question 2

Multiple Choice

If a theory can be potentially disproved,____.

• A) it is useless to scientists
• B) it is said to be testable
• C) it is said to lack precision
• D) evaluation is postponed until testing is feasible

---

Definitions:

Equivalent Variation

A measure used in economics to evaluate the change in wealth that would leave an individual's utility unchanged before and after a policy change or a price change.

Compensating Variation

A monetary measure of the amount of money a consumer would need to reach their original utility level after a price change.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Utility Function

A mathematical expression that describes how the total satisfaction or happiness of a consumer changes with changes in consumption of goods and services.