Albert Einstein's Theory of Relativity Replacing Isaac Newton's Theory of Gravity

question 93

Multiple Choice

Albert Einstein's theory of relativity replacing Isaac Newton's theory of gravity is an example of

• A) a failure of the scientific method.
• B) Occam's razor.
• C) the cosmological principle.
• D) the provisional nature of scientific knowledge.
• E) the need for creativity in scientists.

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Definitions:

Production Function

Describes the relationship between inputs used in production and the resulting output.

Long Run

A period of time in economics during which all factors of production and costs are variable, allowing for full industry adjustment.

Diseconomies Of Scale

Situations where a firm's costs per unit increase as the scale of production increases, typically due to inefficiencies that arise from becoming too large.

Diminishing Returns

A principle stating that if one input in the production of a commodity is increased while other inputs are held fixed, a point will eventually be reached at which additions of the input yield progressively smaller, or diminishing, increases in output.