What would be the best statement about a theory based on assumptions that are NOT true?
A) If the assumptions underlying the theory are not true, the theory must be false.
B) The ideas may be good in theory, but not in practice.
C) The theory is a good one if it helps us to understand how the world works.
D) The theory is a good one if no logical mistakes were made in developing it.
Correct Answer:
Verified
Q4: Why do economists make assumptions?
A) to diminish
Q6: What is meant by scientific method?
A) the
Q13: If Sir Isaac Newton's development of the
Q14: Why is the use of theory and
Q16: What is a common thread between economics
Q19: Where do the most common data for
Q19: If an economist develops a theory about
Q21: Which is true about models used by
Q22: Why do economists use models?
A)to learn how
Q23: What does a circular-flow diagram do?
A)It illustrates
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents