The Best Test of an Economic Theory Is

question 159

Multiple Choice

The best test of an economic theory is:

• A)​the rigor of its mathematical formulation.
• B)​its ability to explain and predict.
• C)​the accuracy of its assumptions.
• D)​the level of real-world detail it captures.

---

Definitions:

Sepsis

A life-threatening condition caused by the body's response to an infection, leading to tissue damage, organ failure, and potentially death.

Milligram

A unit of mass equal to one thousandth of a gram.

Milliliter

A unit of volume in the metric system, equal to one thousandth of a liter, commonly used to measure liquids.

Milli-

A prefix in the metric system indicating one thousandth (1/1000) of a unit.