An Experiment ____________

question 12

Multiple Choice

An experiment ____________

• A)involves only collection of quantitative data
• B)is designed to generate new scientific hypothesis
• C)is an activity designed to test the validity of a hypothesis
• D)often involves manipulating as many variables as possible
• E)does not need to be repeated if well designed

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Definitions:

Microeconomist

An economist specializing in the study of the behavior of individuals and firms in making decisions regarding the allocation of scarce resources.

Macroeconomist

An economist who studies the overall workings of an economy, including issues like inflation, unemployment, and economic growth at a large scale.

Minimum-Wage Laws

A law that establishes the minimum hourly pay rate that employers are legally allowed to offer their workers.

Council Of Economic Advisers

A group of economists who advise the President of the United States on economic policy.