To an Economist, Theory Can Be Thought of as

question 36

Multiple Choice

To an economist, theory can be thought of as

• A)abstraction for the sake of argument.
• B)one person's opinion, which is just as good as another's.
• C)another term for the description of a situation.
• D)beliefs which cannot necessarily be verified.
• E)explanation of mechanisms behind observed phenomena.

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Definitions:

Construct Systems

Theoretical frameworks used to understand and predict how people perceive, interpret, and interact with the world around them.

Kelly's Personal Construct Theory

A psychological theory proposing that individuals interpret the world and construct their own realities using personal constructs.

Freedom of Choice

The power or right to make one's own decisions without constraint, typically within legal parameters.

Kelly's Theory

A psychological framework proposing that individuals interpret the world through personal constructs, which then influence behavior and emotions.