Multiple Choice
Of the following,which is the most important characteristic of a successful theory?
A) The theory provides a basis for facts about economic behaviour.
B) The theory could never be refuted.
C) The theory adequately explains all economic behaviour.
D) All assumptions on which the theory is based are true.
E) The theory allows us to predict behaviour reasonably accurately.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: The table below shows the approximate value
Q21: The slope of a curve is<br>A)always positive.<br>B)always
Q22: The table below shows hypothetical tuition costs
Q23: The table below shows hypothetical data for
Q24: If a theory's prediction is tested and
Q26: The table below shows hypothetical monthly cell
Q27: On a coordinate graph with y on
Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 2-4 Refer
Q29: When studying economic data,index numbers are especially
Q30: According to the Bank of Canada's website,Canada's