Why do economists use economic theories?
A) because theories have realistic assumptions
B) because theories contains as much detail as possible
C) because theories cannot be proven false
D) because theories predict well

Question

Why do economists use economic theories?  
A) because theories have realistic assumptions 
B) because theories contains as much detail as possible 
C) because theories cannot be proven false 
D) because theories predict well

Quizplus · Accepted Answer

Economists use economic theories primarily because they predict well. While economic theories may contain assumptions and detail, and may be difficult to falsify, their most important function is to provide accurate predictions about economic phenomena.

Why Do Economists Use Economic Theories