A Falsifiable Statement Means That

question 21

Multiple Choice

A falsifiable statement means that

• A) the statement is not scientific.
• B) the statement is wrong.
• C) the statement is potentially testable.

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Definitions:

Indifference Curve

A graph that represents different combinations of two goods or services among which a consumer is indifferent, meaning they have no preference for one combination over another, all providing the same level of utility.

Budget Line

A graphic representation of all possible combinations of two goods that can be purchased at given prices and a given income.

Indifference Analysis

A microeconomic tool used to analyze consumer preferences indicating combinations of goods among which the consumer is indifferent, showing levels of utility.

Numerically Measurable

Quantifiable or capable of being expressed or measured in numerical terms.