Examlex
The factor-price equalization theory is a short-run version of the specific-factors theory.
Falsifiable
A principle that a hypothesis or theory must be capable of being proven false in order to be considered scientific.
Testable Predictions
Hypotheses or statements that can be verified or falsified through experimentation or observation.
Principle of Parsimony
A principle suggesting that one should not make more assumptions than the minimum needed to explain something.
Anecdotal Evidence
Information derived from personal stories, experiences, or observations, without scientific backing, often used to support or refute a claim or belief.
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