The Fundamental Characteristic of the Scientific Approach Is

question 12

Multiple Choice

The fundamental characteristic of the scientific approach is:

• A)intuition.
• B)authority.
• C)falsifiability.
• D)empiricism.

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Definitions:

Production Possibility

The combination of goods and services that can be produced given available resources and technology, illustrating the trade-offs in production.

Linear

Describes a relationship or function that represents a straight line when graphed, indicating a constant rate of change.

Positive Economics

The branch of economics that concerns the description and explanation of economic phenomena, focusing on facts and cause-and-effect relationships without making judgments.

Normative Economics

The branch of economic analysis that makes prescriptions about the way the economy should work.