To an economist, theory can be thought of as
A)abstraction for the sake of argument.
B)one person's opinion, which is just as good as another's.
C)another term for the description of a situation.
D)beliefs that cannot necessarily be verified.
E)explanation of mechanisms behind observed phenomena.

Question

Quizplus · Accepted Answer

To an economist, theory is an explanation of the underlying mechanisms behind observed phenomena.

To an Economist, Theory Can Be Thought of as