The scientific method contains all but one of the following techniques ?
Correct answer: D. selecting data to prove a point
- A. scientific observation
- B. systematic collection of data
- C. making data public
- D. selecting data to prove a point
Explanation
Scientific inquiry requires unbiased data collection and reporting. Selecting only data that supports a preferred conclusion is cherry-picking and violates scientific objectivity.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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