If I Derive Some Implications from a Theory and Collect

question 15

Multiple Choice

If I derive some implications from a theory and collect observations to see if they are consistent with that theory, I am practicing ______ approach to learning.

• A) deductive
• B) inductive
• C) deterministic
• D) probabilistic

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Definitions:

Number Of People

A quantitative measure of the people involved or affected in a particular context.

Positive Externalities

Benefits that are enjoyed by a third-party or society as a result of an economic transaction.

Producing Firm

An entity or company involved in the creation of goods or services to be offered to consumers.

Decision Makers

Individuals or groups responsible for making choices that determine the course of actions to be followed.