Which of the Following Statements About Economic Methodology Is Correct

question 68

Multiple Choice

Which of the following statements about economic methodology is correct?

• A)An economic law is a cause-and-effect 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:

Identity Formation

The process of developing a distinct personality or identity, influenced by various social, cultural, and individual factors.

Persist in Violence

The continuation of aggressive or harmful behaviors despite negative consequences or attempts to stop, often examined in the context of crime or interpersonal conflicts.

Antisocial Influences

External factors or pressures that can lead an individual towards behaviors that are against societal norms, possibly violating laws or harming others.

Adolescent Behavior Problems

Issues and disturbances in behavior exhibited by teenagers as a result of various factors, including peer pressure, family dynamics, and hormonal changes.