An abstract concept that refers to the ways in which questions are asked and the logic and methods used to gain answers is Scientific method.
Explanation:
Scientific method is an abstract concept that refers to the ways in which questions are asked and the logic and methods used to gain answers.
This approach was first developed by Aristotle, who outlined four fundamental steps:
- Observation
- Experimentation
- Measurement
- interpretation
You can think of scientific method as a way of systematically collecting data in order to improve our understanding of the world around us.
<h3>How does the scientific method work?</h3>
The scientific method is a process that helps to identify and understand the natural world.
- It starts by proposing a hypothesis, which is an idea or guess about what might be happening in the world.
- Then, you conduct research to test this hypothesis.
- If your research proves that your hypothesis is correct, then you can publish your findings so other people can learn from them.
- If your hypotheses turns out to be incorrect, then you may need to modify or discard it completely.
To learn more about Scientific method, visit:
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Answer:
When a tax is placed on a product, its price increase, so your sales for it may decrease. People react to the higher price by buying similar products.
Explanation:
The economy is a very changing process that depends on many factors such as inflation and the demand for products.
The market for products depends on the "law of demand" which establishes that high prices have a lower number of sales, and products with a lower price have a higher demand.
For example, in the case where the market raises taxes on products cause prices to rise, this affects that sales may decrease, causing losses to companies. Customers will choose the products that have the lowest prices, and if they do not choose the products that are similar but with a better price.
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<em>I hope this information can help you.</em>
Answer: Culture, health, religion, age range, etc.
Explanation:
Answer:
choosing to spend one more hour studying economics because you think the improvement in your score on the next quiz will be worth the sacrifice of time.
Explanation:
Marginal thinking: In economics, the term "marginal thinking" is described as a process that requires or needs the "decision-makers" to figure out whether the profit related to one or more than one unit of something is considered as greater than its actual cost.
In other words, it described the process that states the number of extra resources that are being considered as worth.
Answer: Scripts
Explanation: Script memory is used for general memory, for abstract memory, for routine activities that are repeated in an orderly manner, i.e. for typical actions during cinema, restaurant, etc. This memory may be similar to episodic memory but is not the same. Episodic memory refers to a specific event episode. In doing so, script memory helps that episodic memory occurs when a certain experience, i.e. episodic events, deviates from the script memory.
