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Which of the following statements about economic methodology is correct? a. An economic law is a cause-and-effect relationship that has been verified by a controlled

Which of the following statements about economic methodology is correct?

a.

An economic law is a cause-and-effect relationship that has been verified by a controlled experiment.

b.

The test of a theory's validity is its usefulness in explaining reality.

c.

An economic law is a statement about group behavior that is based on the observed behavior of a single individual.

d.

An economic law, because it is based on probabilities, can only be expected to be true about half the time.

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