Suppose a New Developmental Theory Is One That Uses a Few

question 116

Multiple Choice

Suppose a new developmental theory is one that uses a few principles to account for several empirical observations.How would this theory be categorized?

• A)as parsimonious
• B)as heuristic
• C)as falsifiable
• D)as normative

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Definitions:

Cryptocurrencies

Digital or virtual currencies that use cryptography for security and operate independently of a central bank, exemplified by Bitcoin and Ethereum.

Intermediaries

Entities or individuals that act as middlemen between different parties in a transaction, facilitating the exchange of goods, services, or information.

Electronic Currencies

digital forms of currency that exist electronically, such as cryptocurrencies, which are used for online transactions.

Dollarization

The process of a country abandoning their currency and using U.S. Dollars or another currency instead.