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Author Question: Theory in economics a. involves some simplification of reality b. bears no relation to reality c. ... (Read 174 times)

Cooldude101

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on: Jul 1, 2018
Theory in economics
 a. involves some simplification of reality
  b. bears no relation to reality
  c. approaches reality in all its complexity
  d. involves so much distortion of reality that it is worthless
  e. focuses on the unique aspects of each situation

Question 2

Most economists consider a theory a good one if it predicts well.
 a. True
  b. False


chreslie

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


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