Generalizations Come from

question 459

Multiple Choice

Generalizations come from

• A) the intuitive sense of the social scientist.
• B) categories that social scientist invent.
• C) an understanding of a specific social situation.
• D) a mixture of observations and learning from others.

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Definitions:

Revealed Preference

A theory suggesting that the preferences of consumers can be understood from their purchasing habits and choices.

Strong Axiom

A mathematical condition used in decision theory and economic models that strengthens the requirements for consumer choice consistency over time or across different conditions.

Revealed Preference

A theory that determines consumer's preferences by observing their purchasing habits and behaviors instead of their preferences being explicitly stated.

Revealed Preference

A theory that assumes individuals' preferences can be determined by their purchasing habits.