Which Statement About Prediction and Causal Explanation Is True

question 33

Multiple Choice

Which statement about prediction and causal explanation is true?

• A)Prediction and explanation are two words for the same thing.
• B)Explanation is easier to show with the scientific method than prediction is.
• C)If one has prediction,one has all the basics of a causal explanation.
• D)If one has a good causal explanation,one should be able to make accurate predictions.
• E)Predictions are to basic research as explanations are to applied research.

---

Definitions:

S & L Debacle

Refers to the financial crisis involving Savings and Loan associations in the United States during the 1980s, leading to significant regulatory changes and economic impacts.

Transaction Motive

The need to hold money for the purpose of conducting everyday transactions.

Precautionary Cash

Funds held by individuals or firms to deal with unexpected events or emergencies, providing a buffer against financial issues.

Credit Availability

The ease with which individuals or companies can obtain loans or other forms of credit from financial institutions.