A Hypothesis Is

question 18

Multiple Choice

A hypothesis is

• A) another word for a theory.
• B) a testable statement that potentially explains specific phenomena observed in the natural world.
• C) a statement concerning scientific facts assumed to be true.
• D) unable to be refuted by future investigations.

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Definitions:

Income Redistribution

The transfer of income from certain individuals or groups to others through mechanisms such as taxation, social security, or public spending, aimed at reducing inequality.

Economic Questions

Fundamental inquiries regarding the allocation of scarce resources, including what, how, and for whom to produce.

Utilitarian Justice

A principle that seeks the greatest good for the greatest number of people in the distribution of resources and benefits.

Decreasing Marginal Utility

The phenomenon where each additional unit of a good or service consumed provides less satisfaction or utility than the previous unit.