Suppose that a particular theory predicts that on sunny days consumption of ice cream will rise and that on cloudy days consumption of ice cream will fall.If an economist tests this theory and finds that over a six- month period the theory predicts accurately,the economist would likely say
A)the evidence fails to reject the theory.
B)the theory shouldn't be taken seriously.
C)the theory has been proven correct.
D)that the theory is not useful because consumption involves irrational human behaviour.
E)the theory is always reliable.

Question

Quizplus · Accepted Answer

The economist would likely say that the evidence fails to reject the theory because the theory was tested over a six-month period and predicted accurately. However, it is important to note that this does not necessarily mean the theory has been proven correct, as future events may disprove it. Additionally, the economist would not say the theory is always reliable, as it has only been tested over a specific time period and under certain conditions.

Suppose That a Particular Theory Predicts That on Sunny Days