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The value of an economic theory in practice is determined by :

 a. how accurate the assumptions are. 

 b. how well the theory can be represented by a graph. 

 c. how well the theory can predict or explain. 

 d. how parsimonious the model is. 

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Question added by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
Date Posted: 2015/05/09
Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

  1. The value of an economic theory in practice is determined by The correct answer was: c. how well the theory can predict or explain.. how well the theory can predict or explain.  

mohamed badawy
by mohamed badawy , Head Of Operations , Almajdoui Logistics Company

answer c........................................................................

Abdou warshan
by Abdou warshan , • مدير إدارة المخازن والنقل , شركة تمكين الدولية للأجهزة المنزلية

..................  c. how well the theory can predict or explain.

Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Answer ________________________c

Nasir Hussain
by Nasir Hussain , Sales And Marketing Manager , Pakistan Pharmaceutical Products Pvt. Ltd.

.

.....

 c. how well the theory can predict or explain. 

...............................................................................................

Mohammed Fathe  Shaheem
by Mohammed Fathe Shaheem , Operation Executive , Arabian Construction Company

Agreed by experts .............................

Khaled Anwar
by Khaled Anwar , Senior Sales Engineer , "Automotive company''

The answer is : Option ( C )

Option   c

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Thanks

khaled elkholy
by khaled elkholy , HR MANAGER , misk for import & export

c. how well the theory can predict or explain. .........................................

Salvatore Augello
by Salvatore Augello , owner , A.S. Trade & Consult

answer C ____________________________________

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