Most Economists Consider a Theory a Good One If It

question 79

True/False

Most economists consider a theory a good one if it predicts well.

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Definitions:

Classical

Pertaining to ancient Greek or Roman principles in art, literature, or culture, emphasizing clarity, simplicity, and harmonious balance.

Moral Violations

Actions that transgress established moral principles or norms.

Social Contract

A theoretical framework suggesting that individuals consent, either explicitly or tacitly, to surrender some freedoms to an authority in exchange for security and societal benefits.

Gilligan's Theory

A psychological theory proposed by Carol Gilligan that emphasizes the differences in moral reasoning between men and women, focusing primarily on care and relationships as opposed to justice.