Which of the Expressions Below Best Describes the Aim of Economic

question 259

Multiple Choice

Which of the expressions below best describes the aim of economic theory?

• A) to predict how people think about money
• B) to understand why money motivates some people more than others
• C) to predict the choices people will make
• D) to learn what we can do to prevent people from having unrealistic wants

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Definitions:

Justification

Providing sufficient reasons, evidence, or arguments to support a claim, belief, or action as valid or acceptable.

Premise

An assertion or proposition which forms the basis for a work's conclusion; in logic, it is the antecedent of an argument.

Simp

A slang term often used to describe someone who performs excessive subservience or attention to another person, typically someone they're interested in, often disregarding their own needs or dignity.

MP

Short for Modus Ponens, a form of argument in logic where if the first statement is true, then the second statement must also be true (If P, then Q. P, therefore Q).