Multiple Choice
Choose the statement that best characterizes an economic theory.A valid theory
A) allows one to deduce a normative statement.
B) appeals to the law of large numbers.
C) generates a hypothesis that can predict future events.
D) extrapolates from the past behaviour of a variable to predict its future course.
E) allows one to prove irrefutably one's hypothesis.
Correct Answer:
Verified
Correct Answer:
Verified
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