An economic theory may be disputed because it:
A) focuses on just two variables.
B) sometimes uses unrealistic assumptions.
C) cannot give a precise cause-and-effect relationship, like that found in the physical sciences.
D) all of the above.

Question

Quizplus · Accepted Answer

Economic theories can be disputed for multiple reasons, including focusing on just two variables, which might oversimplify complex economic phenomena; using unrealistic assumptions to make models workable, which might not accurately reflect real-world conditions; and the difficulty in establishing precise cause-and-effect relationships due to the complexity and variability of economic systems, unlike the more deterministic relationships found in the physical sciences.

An Economic Theory May Be Disputed Because It