Choose the Statement That Best Characterizes an Economic Theory

question 144

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.

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Definitions:

Anhedonia

A condition characterized by a diminished ability to experience pleasure from activities usually found enjoyable.

Mania

A mental health condition characterized by an extremely elevated mood, energy, and activity levels, often found in bipolar disorder.

Bipolar Disorders

A psychological disorder marked by severe fluctuations in mood, ranging from high periods of mania or hypomania to low phases of depression.

Fantasy Proneness

A tendency towards intense daydreaming and an active imagination, often leading to a rich fantasy life.