In Economics, the Function of Theories, Laws, and Hypotheses Is

question 32

Multiple Choice

In economics, the function of theories, laws, and hypotheses is to:

• A) prevent any misunderstanding of economic behavior.
• B) divide topics between microeconomics and macroeconomics.
• C) generate a complete and unchanging description of economic behavior.
• D) discover relationships between events that are important to economic behavior.

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Definitions:

Repression

A defense mechanism in psychoanalytic theory where distressing thoughts and memories are unconsciously blocked from conscious awareness.

Mechanisms

The structures or processes that produce a particular effect or fulfill a function within a system.

Mathematical Ability

The capacity to understand, analyze, and apply mathematical concepts and principles.

American Counterparts

Refers to entities or individuals in the United States that have a role, function, or aspect similar to those in another country or context.