If economic theories are solidly based on relevant facts, then appropriate economic policy becomes obvious and uncontroversial.

Question

Quizplus · Accepted Answer

Economic theories can provide a framework for understanding economic phenomena, but the application of these theories to policy is often subject to debate due to differing values, priorities, and interpretations of data among policymakers, economists, and the public.

If Economic Theories Are Solidly Based on Relevant Facts, Then