A good economic theory
A)has realistic assumptions
B)contains as much detail as possible
C)cannot be proven false
D)predicts well
E)can only be presented in mathematical terms

Question

Quizplus · Accepted Answer

A good economic theory is one that predicts well, meaning it can accurately forecast outcomes or explain economic phenomena. Realistic assumptions and detail are not necessary for a theory to be useful, and theories can be proven false if new evidence contradicts them. Additionally, economic theories can be presented in various forms, not just mathematically.

A Good Economic Theory