The testing of economic models facilitates
A) proving a model is false.
B) proving a model is true.
C) proving that one person's opinion is morally incorrect.
D) proving that one society's legal structure is better than another country's.

Question

Quizplus · Accepted Answer

The testing of economic models is intended to challenge and assess their validity. Thus, it facilitates proving that a model is false or needs refinements, but it does not necessarily prove it is entirely true. Testing a model also does not relate to moral or legal matters, making options C and D irrelevant.

The Testing of Economic Models Facilitates