Which of the following statements is correct?
A) Theory and hypothesis are interchangeable terms for the same thing.
B) A hypothesis may result from a tested and confirmed theory.
C) A theory may result from a tested and confirmed hypothesis.
D) A hypothesis is a theory whose formulation relies on mathematics.
Correct Answer:
Verified
Q180: Economists make assumptions because
A)this is a way
Q181: Economic theory
A)is a deliberate simplification of factual
Q182: Why do economists tend to create models
Q183: Using economic theory to analyze policy issues
A)is
Q184: A useful economic model
A)deals only with possibilities
Q186: Economic models are often expressed in
A)equations.
B)words.
C)graphs.
D)physical objects.
Q187: In the winter quarter at Frozen U.one
Q188: Economists and others use economic theory
A)only to
Q189: Some economists develop theories concerning policy issues
Q190: A theory is an abstraction used often
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