Which of the following terms implies the least degree of confidence in an economic generalization?
A) Hypothesis.
B) Theory.
C) Principle.
D) Law.
Correct Answer:
Verified
Q10: Purposeful behavior means that
A) people are selfish
Q13: For economists, the word "utility" means
A) versatility
Q14: According to economists, economic self-interest
A) is a
Q26: An economic hypothesis
A) has the same meaning
Q27: In constructing models, economists
A) make simplifying assumptions.
B)
Q28: Alex sees that his neighbors' lawns all
Q28: The scientific method is:
A) not applicable to
Q31: Which of the following most closely relates
Q39: The process by which economists test hypotheses
Q60: Macroeconomics approaches the study of economics from
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