Of the Following,which Is the Most Important Characteristic of a Successful

question 32

Multiple Choice

Of the following,which is the most important characteristic of a successful theory?

• A)the theory provides a basis for facts about economic behaviour
• B)the theory could never be refuted
• C)the theory adequately explains all economic behaviour
• D)all assumptions on which the theory is based are true
• E)the theory allows us to predict behaviour reasonably accurately

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Definitions:

Predictability

The ability to accurately forecast future events or trends based on current or past data.

Social Institutions

Organized structures and systems in society that dictate certain patterns of behavior and relationships, such as family, education, religion, and economy.

Impact

The action of one object coming forcibly into contact with another, or a marked effect or influence of something.

Structure

The arrangement or organization of related elements in a system or entity, often providing stability or support.