Which of the following is not an empirically testable conclusion?
A) The unemployment rate would not have risen above 8% if the U.S. Treasury would have bailed out Lehman Brothers leading into the Great Recession.
B) Larger firms are more productive.
C) Multinational firms pay higher wages.
D) States with minimum wage laws experience higher unemployment rates.

Question

Quizplus · Accepted Answer

The statement regarding the unemployment rate and the U.S. Treasury's actions with Lehman Brothers is not empirically testable because it is a counterfactual statement about what might have happened under different historical conditions, which cannot be directly tested or observed.

Which of the Following Is Not an Empirically Testable Conclusion