Social Science and Natural Science Are Both Scientific but Differ

question 29

Multiple Choice

Social science and natural science are both scientific but differ in focus because:

• A) natural science deals with the spiritual values of nature.
• B) social science deals with all aspects of the group life of humans.
• C) social science deals with matter and energy.
• D) natural science does not deal with living things.

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Definitions:

Paradox of Voting

The concept that for a rational, self-interested voter, the costs of voting will normally exceed the expected benefits, given the low probability that one vote will influence the outcome.

Majority Voting

A voting system in which decisions are made based on the majority of votes received, often used in elections and organizational decision-making processes.

Principal-Agent Problem

A scenario in which conflicts of interest arise because the goals of a principal (e.g., a shareholder) do not align with those of an agent (e.g., a company executive).

Moral Hazard Problem

The possibility that individuals or institutions will behave more recklessly after they obtain insurance or similar contracts that shift the financial burden of bad outcomes onto others. Example: A bank whose deposits are insured against losses may make riskier loans and investments.