Examlex
If the production of a good creates an external cost, is the supply curve the same as the marginal social cost or the same as the marginal private cost curve or both?
Hypotheses
Proposed explanations for a phenomenon, made as a starting point for further investigation.
Observations
The act of noting and recording something with instruments or the senses as a part of scientific research or empirical study.
Paradigm Shift
A fundamental change in the basic concepts and experimental practices of a scientific discipline.
Falsifiable Hypothesis
A hypothesis that can be demonstrated to be false by an experiment or observation, a critical aspect of the scientific method.
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