Pseudoscience Is Just Like Science Except

question 18

Multiple Choice

Pseudoscience is just like science except

• A) There are no controlled experiments or facts behind it.
• B) People tend to believe it more than science.
• C) A pseudoscientist always works in a lab.
• D) Pseuodscientists tend to make more money than regular scientists.
• E) Publishing pseudoscientific results is more difficult.

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Definitions:

Nominal Exchange Rate

The rate at which one currency can be exchanged for another currency, without adjusting for inflation differences between the two countries.

Real Exchange Rate

A measure that compares the relative price of a basket of goods between two countries, adjusted for currency exchange rates.

Basket Of Goods

A set of products and services, considered a representative sample, used to measure the change in overall price levels over time, such as in the calculation of inflation.

Purchasing-Power Parity

An economic theory that states that the exchange rate between two currencies is equal to the ratio of the currencies' respective purchasing powers.