Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law

Authors: Henry Cheeseman

8th Edition

0133130649, 9780133130645

More Books

Students also viewed these Economics questions

Question

Cite the characteristics of satisfying intimate relationships.

Answered: 1 week ago