Explain the reasons why no theory perfectly describes the reality.

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Answer 1

Question

Chapter 19, Problem 1VQP

To determine

Explain the reasons why no theory perfectly describes the reality.

Expert Solution & Answer

Explanation of Solution

No theory cannot perfectly describe the reality because the main job of a theory is to find why the things in a society are like this or gone like this manner etc. Theory is only a group of principles that lead the real activities in a smooth manner. For example: according to the theory of trade, it explains what it is. But it did not say that how it done by every country. In building a theory, some variables are necessary to be omitted.

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Answer 2

Question

Chapter 19, Problem 1VQP

To determine

Explain the reasons why no theory perfectly describes the reality.

Expert Solution & Answer

Explanation of Solution

No theory cannot perfectly describe the reality because the main job of a theory is to find why the things in a society are like this or gone like this manner etc. Theory is only a group of principles that lead the real activities in a smooth manner. For example: according to the theory of trade, it explains what it is. But it did not say that how it done by every country. In building a theory, some variables are necessary to be omitted.

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Answer 3

Question

Chapter 19, Problem 1VQP

To determine

Explain the reasons why no theory perfectly describes the reality.

Expert Solution & Answer

Explanation of Solution

No theory cannot perfectly describe the reality because the main job of a theory is to find why the things in a society are like this or gone like this manner etc. Theory is only a group of principles that lead the real activities in a smooth manner. For example: according to the theory of trade, it explains what it is. But it did not say that how it done by every country. In building a theory, some variables are necessary to be omitted.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 19, Problem 1VQP

To determine

Explain the reasons why no theory perfectly describes the reality.

Expert Solution & Answer

Explanation of Solution

No theory cannot perfectly describe the reality because the main job of a theory is to find why the things in a society are like this or gone like this manner etc. Theory is only a group of principles that lead the real activities in a smooth manner. For example: according to the theory of trade, it explains what it is. But it did not say that how it done by every country. In building a theory, some variables are necessary to be omitted.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 19, Problem 1VQP

To determine

Explain the reasons why no theory perfectly describes the reality.

Expert Solution & Answer

Explanation of Solution

No theory cannot perfectly describe the reality because the main job of a theory is to find why the things in a society are like this or gone like this manner etc. Theory is only a group of principles that lead the real activities in a smooth manner. For example: according to the theory of trade, it explains what it is. But it did not say that how it done by every country. In building a theory, some variables are necessary to be omitted.

Answer 6

Chapter 19, Problem 1VQP

To determine

Explain the reasons why no theory perfectly describes the reality.

Expert Solution & Answer

Explanation of Solution

No theory cannot perfectly describe the reality because the main job of a theory is to find why the things in a society are like this or gone like this manner etc. Theory is only a group of principles that lead the real activities in a smooth manner. For example: according to the theory of trade, it explains what it is. But it did not say that how it done by every country. In building a theory, some variables are necessary to be omitted.

Answer 7

Chapter 19, Problem 1VQP

To determine

Explain the reasons why no theory perfectly describes the reality.

Answer 8

Expert Solution & Answer

Explanation of Solution

No theory cannot perfectly describe the reality because the main job of a theory is to find why the things in a society are like this or gone like this manner etc. Theory is only a group of principles that lead the real activities in a smooth manner. For example: according to the theory of trade, it explains what it is. But it did not say that how it done by every country. In building a theory, some variables are necessary to be omitted.