Economists Often Evaluate a Theory in Terms of How Consistently

question 21

Multiple Choice

Economists often evaluate a theory in terms of how consistently and accurately it predicts what happens.Implicit in this position is the belief that

• A) if the theory's predictions are consistently accurate,then there is a fairly good chance that the theory is a good explanation of how things work.
• B) if the theory's predictions are consistently accurate,then there is a fairly good chance that the theory will be accepted by others.
• C) if the theory's predictions are consistently accurate,then there is a fairly good chance that the theory's assumptions (even if they initially seem unrealistic)capture something that is essential to explaining what it is that the theory is trying to explain.
• D) all of the above

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Definitions:

Art Commissioned

Works of art created or produced specifically for a client or patron, often reflecting the patron's instructions, intentions, or preferences.

Virtuoso Depiction

An artwork or representation done with immense skill and masterful technique, often showcasing the artist's expertise and flair.

Art Historians

Art historians analyze and interpret art by placing it in historical context to understand its meaning, influence, and development over time.

Camera Obscura

Latin, “dark room.” An ancestor of the modern camera in which a tiny pinhole, acting as a lens, projects an image on a screen, the wall of a room, or the ground-glass wall of a box; used by artists in the 17th, 18th, and early 19th centuries as an aid in drawing from nature.