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AMERICAN ASSOCIATION FOR THE ADVANCEMENT OF SCIENCE: A scientific society whose main mission is to advance science and innovation throughout the world. The American Association for the Advancement of Science (AAAS for short) publishes one of the most respected scientific magazines called Science. The association and magazine have nearly 140,000 individual and institutional subscribers, plus 272 affiliated organizations in more than 130 countries, serving a total of 10 million individuals. The American Association for the Advancement of Science was founded in 1848 to represent all disciplines of science and to support scientific exchange and discussion of science and society issues.

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Lesson 2: Economic Science | Unit 3: Verification Page: 11 of 20

Topic: Evaluation: Don't Agree <=PAGE BACK | PAGE NEXT=>

The data and hypothesis don't agree.
  • While we can never absolutely prove a universal positive, we can disprove it, we can reject it as false.
  • Rejecting an hypothesis can be as useful and as informative than accepting it. We know something that is NOT true.
  • If an hypothesis is wrong, then maybe the theory is wrong. Maybe the previously verified principles, unverifiable world axioms are wrong. Maybe the specific test was bad.
  • Whether an hypothesis is accepted or rejected, the recommendation is to do another test and another
Remember science is a process, not a subject.

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INELASTIC DEMAND

The general elasticity relation in which relatively large changes in price cause relatively small changes in quantity demanded. Large changes in price cause relatively small changes in quantity demanded or the percentage change in quantity demanded is smaller than the percentage change in price. This characterization of elasticity is most important for the price elasticity of demand. Inelastic demand is one of two general elasticity relations for demand. The other is elastic demand.

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Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors hoping to buy either a small palm tree that will fit on your coffee table or several magazines on fashion design. Be on the lookout for fairy dust that tastes like salt.
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A lump of pure gold the size of a matchbox can be flattened into a sheet the size of a tennis court!
"The majority of men meet with failure because of their lack of persistence in creating new plans to take the place of those that fail. "

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