Asked by Alessia Marie on May 25, 2024
Verified
Most economists consider a theory a good one if it predicts well.
Predicts Well
"Predicts well" refers to the accuracy and reliability with which a model or method can forecast future events or outcomes based on current or past data.
- Identify the criteria for a good economic theory and the importance of predictions.
Verified Answer
AE
Ariana EdwardsMay 25, 2024
Final Answer :
True
Explanation :
Economists generally value a theory based on its ability to predict outcomes accurately.
Learning Objectives
- Identify the criteria for a good economic theory and the importance of predictions.