Which of the Following Statements About Economic Methodology Iscorrect

question 130

Multiple Choice

Which of the following statements about economic methodology iscorrect?

• A)An economic law is a cause­and­effect relationship that has been verified by a controlled experiment.
• B)The test of a theory's validity is its usefulness in explaining reality.
• C)An economic law is a statement about group behavior that is based on the observed behavior of a
• Single individual.
• D)An economic law, because it is based on probabilities, can only be expected to be true about
• Half the time.
• E)Assumptions are ignored in the development of hypotheses.

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Definitions:

Curvature

The state of being curved or bent, often describing the shape or contour of something, such as a line, path, or anatomical structure.

Colorblind

An inability or decreased ability to see color, or perceive color differences, under normal lighting conditions.

Accommodation

The ability of the eye to change its focus from distant to near objects (and vice versa) by changing the curvature of the lens.

Suspensory Ligaments

Fibrous tissues that support an organ or structure, for example, holding the lens of the eye in place.