Which of the Following Terms Implies the Least Degree of Confidence

question 99

Multiple Choice

Which of the following terms implies the least degree of confidence in an economic generalization?

• A) hypothesis
• B) theory
• C) principle
• D) law

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Definitions:

Mixers

Devices used to blend or combine ingredients together, often found in kitchens or for industrial purposes.

Average Fixed Cost

The fixed costs of production (costs that do not change with output level) divided by the quantity of output produced.

Range of Output

The spectrum of production levels within which a firm operates, from minimum to maximum capacity.

Mixers

Devices used to blend, beat, or whip ingredients together into a coherent mixture.