An Economic Theory Is Tested By

question 118

Multiple Choice

An economic theory is tested by:

• A)​assessing the realism of its assumptions.
• B)​polling economists to see if there is consensus as to the validity of the hypothesis.
• C)​comparing and contrasting its simplicity with related theories.
• D)​comparing its predictions with real-world data.

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Definitions:

Bender Visual-Motor Gestalt Test

A psychological assessment tool that evaluates visual-motor functioning, planning, and organizational abilities through the copying of geometric shapes.

Projective Personality

Assessment techniques that use ambiguous stimuli to elicit responses reflecting aspects of an individual's personality.

Objective Personality

Personality assessments and measures that rely on responses to standardized questions or tasks, aiming to minimize subjective interpretation and bias.

Beck Anxiety Inventory

A self-reported inventory that measures the severity of an individual's anxiety through various symptom-focused questions.