Which of the Following Is an Empirical Question

question 28

Multiple Choice

Which of the following is an empirical question?

• A) "Would Martin Luther King, Jr., have been a good president?"
• B) "What is the meaning of life?"
• C) "Was the Civil War necessary?"
• D) "Is there life on other planets?"

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Definitions:

Perfectly Inelastic

A demand situation in which the quantity demanded does not change in response to a change in price.

Tax Incidence

The analysis of the effect of a particular tax on the distribution of economic welfare among entities in the economy.

Rational Choice Theory

An economic theory that assumes individuals always make prudent and logical decisions that provide them with the highest amount of personal utility.

Public Interest

The well-being of the general public, often considered within the context of government policy-making.