When There Are Competing Explanations for a Finding, the Explanation

question 29

Multiple Choice

When there are competing explanations for a finding, the explanation with the fewest assumptions should be preferred. This principle refers to:

• A) Occam's razor
• B) Parsimony
• C) Heuristic value
• D) All of the above
• E) A and B only

Identify the changes in American public policy towards labor, agriculture, and finance during the 1930s.

Understand the cultural and social shifts that occurred in response to the Great Depression.

Analyze the relationship between the U.S. government and other nations in the context of the 1930s economic policies.

Evaluate the legacy and long-term effects of the New Deal on American government and society.

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Definitions:

1-month T-bills

Short-term U.S. government debt obligations with a maturity of one month, often used as an investment with minimal risk.

Compound Return

The increase in value of an investment due to the earnings on both the principal and the accumulated earnings over previous periods.

Portfolio

A portfolio is a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual, exchange-traded, and closed funds.

Expected Return

The anticipated return on an investment, considering the probabilities of various outcomes.