Implicit assumptions from which theories evolve are known as
A)a paradigm.
B)biases.
C)stylized facts.
D)normative economics.

Question

Quizplus · Accepted Answer

Implicit assumptions from which theories evolve are known as paradigms. Biases refer to a tendency to favor one perspective or idea over others, and stylized facts refer to observed empirical patterns that are widely recognized and accepted within a particular field. Normative economics pertains to the study of how economic policies should be designed and implemented.

Implicit Assumptions from Which Theories Evolve Are Known as