Which of the Following Is Most Clearly Phrased as an Empirical

question 3

Multiple Choice

Which of the following is most clearly phrased as an empirical question?

• A)Are newborns essentially good or bad?
• B)Do Catholics believe in the reality of Hell?
• C)Are the mind and body two separate entities?
• D)Is there life after death?

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Definitions:

Economic Efficiency

A condition in which all available resources are utilized in the most effective manner to satisfy society's needs and wants, minimizing waste and maximizing value.

Market Price

The current market value at which an asset or service is up for sale or purchase.

External Benefits

Positive effects experienced by those not directly involved in an economic transaction.

Efficient Equilibrium

A state in which resources are allocated in the most efficient manner, leaving no potential for reallocating resources to make someone better off without making someone else worse off.