Which of the following is correct?
A) "Theory" and "hypothesis" are interchangeable terms meaning the same thing.
B) A hypothesis may result from a tested and confirmed theory.
C) A theory may result from a tested and confirmed hypothesis.
D) A hypothesis is a theory whose formulation relies on mathematics.
Correct Answer:
Verified
Q102: Economics is different from a "hard" science
Q103: Economists need to develop abstractions in order
Q104: A person behaving rationally will:
A)never make mistakes.
B)make
Q105: A good economic theory:
A)includes every detail that
Q106: When economists use the term "ceteris paribus,"
Q108: An economic theory is tested by:
A)assessing the
Q109: Economists use the term "ceteris paribus" to
Q110: Adam Smith
A)is considered the founder of modern
Q111: An economist at the University of Alaska
Q112: Economists use theories to:
A)abstract from the complexities
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