Which Method of Acquiring Knowledge Is Being Used by Students

question 23

Multiple Choice

Which method of acquiring knowledge is being used by students who are learning from teachers and textbooks?

• A) empiricism
• B) rationalism
• C) method of authority
• D) scientific method

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Definitions:

Excess Demand

A situation in which the demand for a product or service exceeds its supply in a market.

Market Equilibrium

A condition in which the quantity of a product demanded by consumers equals the quantity supplied by producers, leading to a stable market price.

Market Equilibrium

The point where the supply of goods matches demand, resulting in a stable price.

Excess Demand

A market situation where the quantity demanded of a good exceeds the quantity supplied at a current price, leading to shortages.