19. believe that most people's actions are rational and purposeful, not random and chaotic. ​ 20. A good economic theory is always more useful when it includes detailed facts, even if the facts are not relevant to the questions being investigated. 21. A good economic theory, or weeds out the irrelevant facts from the relevant ones. 22. models are of limited use since they cannot be tested empirically.
19. believe that most people's actions are rational and purposeful, not random and chaotic. 20. good economic theory is always more useful when it includes detailed facts, even if the facts are not relevant to the questions being investigated. 21. good economic theory, or weeds out the irrelevant facts from the relevant ones. 22. models are of limited use since they cannot be tested empirically. A A ​
Test-Bank-for-Exploring-Microeconomics-7th-Edition-by-Sexton.docx