A Proposed Explanation for a Situation,usually Taking the Form "If

question 95

Multiple Choice

A proposed explanation for a situation,usually taking the form "if A happens then B will be the result" is called a(n) ____.

• A)theory
• B)research proposal
• C)experiment
• D)hypothesis

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Definitions:

Society's Total Utility

The cumulative measure of satisfaction or happiness that a society derives from consuming a particular amount of goods and services.

Diminishing Marginal Utility

A principle stating that as a consumer consumes more of a good or service, the satisfaction (utility) gained from each additional unit decreases.

Universal Basic Income

A financial program where a government provides all citizens with a regular, unconditional sum of money, regardless of employment status or wealth.

Household Receives

Refers to the income or goods that a household obtains, which may come from various sources such as wages, investments, or government programs.