Choose the Statement That Best Characterizes an Economic Theory

question 107

Multiple Choice

Choose the statement that best characterizes an economic theory.An economic theory

• A)is only useful if its underlying assumptions are realistic.
• B)will be useful as long as it is logically consistent.
• C)must be judged on its ability to explain and predict real-world phenomena.
• D)will predict more accurately if it contains a greater number of mathematical equations.
• E)will be useful only if all human behaviour is rational.

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Definitions:

Puncta

Small openings located at the inner corner of the eyelids, serving as the entrance to the tear drainage system.

Visual Pathways

The route by which visual signals travel from the eye to the brain for processing and interpretation.

Retina

The light-sensitive layer of tissue at the back of the inner eye, which converts light rays into nerve signals that are sent to the brain to create visual images.

Optic Nerve

A cranial nerve that transmits visual information from the retina to the brain.