Multiple Choice
Which of the following statements is false?
A) An economic theory is validated on the basis of observation.
B) An economic theory is a mathematically deduced equation and it is unrelated to observations in the real world.
C) An economic theory is rejected if it does not pass the test of empirical scrutiny.
D) An economic theory can be validated with data.
Correct Answer:
Verified
Correct Answer:
Verified
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