Of the Following,which Is the Most Important Characteristic of a Successful

question 32

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

---

Definitions:

Zero

A numerical value representing the absence of any quantity or magnitude.

Normal Distribution

A symmetric probability distribution centered around the mean, indicating that events close to the mean occur more often than those at a distance.

α

Denotes the level of significance in hypothesis testing, representing the probability of rejecting the null hypothesis when it is actually true.