Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following statements about economic theories is correct? [1] They cannot be tested because we cannot do economic experiments. [2] They must apply
Which of the following statements about economic theories is correct?
[1] They cannot be tested because we cannot do economic "experiments."
[2] They must apply to all countries equally to be true.
[3] They attempt to explain economic behaviour.
[4] They are unrealistic because of the assumptions they contain
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started