Economists Often Evaluate a Theory in Terms of How Consistently

question 8

Multiple Choice

Economists often evaluate a theory in terms of how consistently and accurately it predicts what happens.  Implicit in this position is the belief that

• A)if the theory's predictions are consistently accurate, then there is a fairly good chance that the theory is a good explanation of how things work.
• B)if the theory's predictions are consistently imaccurate, then there is a fairly good chance that the theory will be accepted by others.
• C)if the theory's predictions are consistently inaccurate, then there is a fairly good chance that  the theory's assumptions (even if they initially seem unrealistic)capture something that is essential to explaining what it is that the theory is trying to explain.
• D)if the theory's predictions are consistently accurate, then the theory is definitely valid.

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Definitions:

Marital Conflict

Disagreements or disputes between married partners, which can range from minor disagreements to serious, ongoing conflicts.

Wound Healing

The biological process by which the body repairs and regenerates skin and tissue damage.

Response Times

The amount of time it takes to react to a stimulus, often used in psychological research to measure cognitive speed and decision-making processes.

Conditioned

The process of learning specific types of behavior or attitudes through repeated exposure to certain stimuli, leading to a consistent response.