A good theory seeks to:
A) distort reality in order to improve forecasting ability.
B) predict phenomena without explaining them.
C) explain phenomena without predicting them.
D) confront reality in all its complexity by focusing on the unique aspects of each phenomenon.
E) simplify a complex reality.
Correct Answer:
Verified
Q69: You currently subscribe to two magazines and
Q71: When constructing an economic model,economists:
A)rely mostly on
Q73: All economic models must involve simplifications because:
A)economists
Q76: Economists employ the scientific method.In part,this means
Q77: Which of the following is an accurate
Q78: The simple circular-flow model for households and
Q79: Macroeconomists analyze:
A)the labor market.
B)the arrangements through which
Q81: A good economic theory
A)has realistic assumptions
B)contains as
Q102: Economic theory
A)expresses normative values
B)invents imaginative and interesting
Q106: An economic model is useful if it
A)includes
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