A good economic theory:
A)rests on realistic assumptions.
B)explains economic behavior and predicts well.
C)can best be expressed mathematically.
D)always provides a highly detailed analysis of an economic sector.

Question

A good economic theory:
A)​rests on realistic assumptions.
B)​explains economic behavior and predicts well.
C)​can best be expressed mathematically.
D)​always provides a highly detailed analysis of an economic sector.

Quizplus · Accepted Answer

Good economic theories explain economic behavior effectively and make accurate predictions, regardless of the realism of their assumptions or the level of detail and mathematical expression involved.

A Good Economic Theory