The Process of Observing Real-World Behavior, Developing Hypotheses, Testing Them

question 214

Multiple Choice

The process of observing real-world behavior, developing hypotheses, testing them against facts, then using the results to construct theories is called

• A) opportunity cost estimation.
• B) the scientific method.
• C) marginal analysis.
• D) normative analysis.

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Definitions:

Abilities

Natural or acquired skills and talents that enable individuals to perform tasks or actions effectively.

Cultural Belief

Pertains to the common values, norms, and practices that are shared among members of a particular culture.

Individualism

A social theory or ideology valuing the independence and self-reliance of the individual over collective or communal goals.

Collectivism

Collectivism emphasizes the importance of groups and the collective over the autonomy of individual members.