One Criterion of a Good Theory Is That It Be

question 26

Multiple Choice

One criterion of a good theory is that it be generative. This means that the theory should

• A) Support the status quo
• B) Be consistent with empirical observations
• C) Lead to new research and theorizing
• D) Account for the greatest number of phenomena with the fewest explanatory concepts

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Definitions:

Price

The sum of money needed to buy a product or service.

Movement Along

Refers to changes in the quantity demanded or supplied of a good in response to price changes, moving along a demand or supply curve.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, normally sloping downwards from left to right.

Milk Consumption

Refers to the amount of milk and milk products that individuals drink or use over a certain period.