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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Why is it important to test a theory? Why not simply accept a theory if it sounds right?

To determine

The importance of testing a theory.

Explanation

The theory is a simplified version of real world situation which is built with the aim of making things easy and better understandable. The purpose of forming a theory is to explain something which is not clear  to people. Testing a theory is very important...

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