A hypothesis in an economic model is a statement that ________ about an economic variable.
A) is correct
B) is incorrect
C) may be either correct or incorrect
D) cannot be proven either correct or incorrect

Question

Quizplus · Accepted Answer

A hypothesis in an economic model may or may not be correct, as it is a testable statement that has not yet been proven. Therefore, it can be either correct or incorrect until it is tested and the data gathered supports or refutes it.

A Hypothesis in an Economic Model Is a Statement That