The best economic theory is the one
A) whose assumptions most closely match reality
B) that yields the most accurate predictions
C) that most simply represents reality
D) that most closely matches the conscious behavior of economic decision makers
E) that includes the most details

Question

Quizplus · Accepted Answer

The best economic theory is generally considered to be the one that yields the most accurate predictions, as the primary goal of a theory is to explain and predict real-world phenomena effectively.

The Best Economic Theory Is the One