What Is the Basis of a Good Economic Theory

question 67

Multiple Choice

What is the basis of a good economic theory?

• A) It explains economic behaviour and predicts well.
• B) It rests on assumptions.
• C) It always provides a highly detailed analysis of an economic sector.
• D) It can best be expressed mathematically.

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Definitions:

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A mental health disorder characterized by unstable moods, behavior, and relationships, often stemming from a fear of abandonment.

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The process of giving medication to a patient in accordance with a prescription.

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A mental health disorder characterized by a long-term pattern of manipulating, exploiting, or violating the rights of others.

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Acts of aggression or violence directed at others, often stemming from emotional, psychological, or social factors.