A Carefully Planned and Executed Manipulation of the Natural World

question 45

Short Answer

A carefully planned and executed manipulation of the natural world used to test a prediction in the scientific method is a(n) ________.

---

Definitions:

Market Price

The present cost at which an item or service may be purchased or sold in a market setting.

Profit Maximizing

The process or strategy of adjusting production and sale operations to achieve the highest possible profit.

Deadweight Loss

A reduction in economic productivity happens when a good or service fails to reach or cannot attain its equilibrium state.

Output

The total amount of goods or services produced by a person, machine, or industry during a given period.