In order to test a theory, one must... a. Use assumptions that most closely reflect reality. b. Confront the predictions of the theory with evidence. c. Develop a better explanation than the one presented. d. Present a series of normative statements and positive statements. e. Develop normative statements from the law of large numbers.
In order to test a theory, one must... a. Use assumptions that most closely reflect reality. b. Confront the predictions of the theory with evidence. c. Develop a better explanation than the one presented. d. Present a series of normative statements and positive statements. e. Develop normative statements from the law of large numbers.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter1: What Economics Is About
Section: Chapter Questions
Problem 26QP
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Question
Q30
In order to test a theory, one must...
a.
Use assumptions that most closely reflect reality.
b.
Confront the predictions of the theory with evidence.
c.
Develop a better explanation than the one presented.
d.
Present a series of normative statements and positive statements.
e.
Develop normative statements from the law of large numbers.
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