What Is the Difference Between Discovery Science and Hypothesis-Driven Science

question 5

Multiple Choice

What is the difference between discovery science and hypothesis-driven science?

• A)Discovery science "discovers" new knowledge,whereas hypothesis-driven science does not.
• B)Discovery science is based on deductive reasoning,whereas hypothesis-driven science is based on inductive reasoning.
• C)Discovery science is mostly about describing nature,whereas hypothesis-driven science tries to explain nature.
• D)Discovery science involves predictions about outcomes,whereas hypothesis-driven science involves tentative answers to specific questions.

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Definitions:

Factors of Production

The resources used in the production of goods and services, typically categorized into land, labor, capital, and entrepreneurship.

Entrepreneurial Ability

The skill or talent required to conceptualize new products or services, create businesses, and achieve economic success.

Economic Resources

Inputs used in the production of goods and services, often categorized into land, labor, capital, and entrepreneurship.

Budget Line

A graphical representation of all possible combinations of two goods that can be purchased with a given budget at specific prices.