Moderate

The scientific method requires that ?

Correct answer: A. the scientist be objective

  • A. the scientist be objective
  • B. The scientific use precision equipment.
  • C. only correct theories are tested
  • D. only theories are tested.
  • E. the scientist uses test tubes and have clean lab.

Explanation

Objectivity is essential to the scientific method because evidence must be evaluated without letting personal beliefs determine the conclusion. Scientific testing does not require test tubes or that only theories already believed to be correct are examined.

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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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