Economic Theories Are

question 87

Multiple Choice

Economic theories are

• A)useful because they are as exact as theories in the physical sciences
• B)useless because they are based on abstractions
• C)useful because they allow us to make predictions
• D)too complex to understand because they include all of reality
• E)useful in predicting events only if their assumptions are realistic

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Definitions:

Intoxicated

A state of impairment or being under the influence of alcohol or drugs, which can affect a person's physical and cognitive abilities.

Incapacity

A physical or mental condition that makes an individual unable to manage their own affairs or to understand the nature and effects of their actions.

Married Women

Women who are legally joined in marriage to a spouse, often subject to specific legal rights and obligations distinct from unmarried women.

Incapacitated

A state where an individual is unable to take care of themselves or their affairs due to physical or mental disabilities.