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:

Inertia Brake

A braking system that utilizes the inertia of a moving vehicle to activate the brake without manual application, often found in trailers.

Vehicle Battery Bank

A group of batteries connected together in a vehicle to supply electrical power, especially in electric and hybrid vehicles.

Transmission ECU

The electronic control unit responsible for managing an automobile's transmission system operations.

Self-adjusting

Refers to mechanisms or systems that automatically adjust parameters or settings to maintain or improve performance without manual intervention.