A Good Economic Theory

question 29

Multiple Choice

A good economic theory:

• A)​rests on realistic assumptions.
• B)​explains economic behavior and predicts well.
• C)​can best be expressed mathematically.
• D)​always provides a highly detailed analysis of an economic sector.

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Definitions:

Direct Order

A sequence or structure where information is provided in a straightforward manner, starting with the most important points.

Formality Decreases

The reduction in the level of formal language or behavior in a communication or setting.

Direct Order

A command or authoritative instruction, also used in writing to state an action to be taken clearly and directly.

Personal Style

An individual's distinctive manner of dressing or presenting themselves, often reflecting their personality or preferences.