What Does It Mean for a Theory to Be Falsifiable

question 162

Multiple Choice

What does it mean for a theory to be falsifiable?

• A)It should not be necessary to collect data to address the theory.
• B)It should be based on an extensive literature review.
• C)It should be the simplest of competing theories.
• D)It should be possible to prove the theory incorrect.

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Definitions:

Choice Set

A set of all possible options available for a consumer or a decision-maker in a given context.

Budget Constraint

The limitations on the purchasing power of a consumer, stemming from their income and the prices of goods and services.

Clothing

Clothing and items donned on the body, usually crafted from textiles or cloths.

Food

Consumable items produced through agriculture, farming, hunting, fishing, or food processing that individuals eat for nutrition and pleasure.