Please use the following statements to answer this question:
I. The process of testing and revising theories is central to the development of economics as a science.
II. Theory is imperfect and may not adequately describe economic behavior in some cases.
A) I and II are true.
B) I is true and II is false.
C) I is false and II is true.
D) I and II are false.

Question

Quizplus · Accepted Answer

Both statements are true. The scientific method involves testing and revising theories, and the imperfection of theories is acknowledged in economics just as it is in any other science.

Please Use the Following Statements to Answer This Question