One of the Disadvantages of Using Our Observation of Everyday

question 32

Multiple Choice

One of the disadvantages of using our observation of everyday life to generate a research hypothesis is that

• A) the hypothesis may be shown to be incorrect.
• B) the hypothesis is likely to be tautological.
• C) the results of the research may not relate to existing knowledge in the domain being studied.
• D) the hypothesis is unlikely to be falsifiable.

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Definitions:

Relative Efficiency

A measure of how effectively an entity (such as a firm or economy) utilizes its resources compared to another, often used to identify opportunities for improvement.

Absolute Efficiency

A state where resources are allocated in the most effective way possible, achieving maximum output with given inputs.

Natural Endowment

Resources found in nature that have economic value or utility, such as minerals, forests, and water.

Merchandise Trade Deficit

A situation where a country's imports of goods exceed its exports of goods, leading to a negative balance of trade.