Best theory according to razor of Occam

I need a good answer on the topic of Economic problems. Please give me your suggestion that as per to Occam's razor, the excellent theories are: (v) The most logical and complex. (w) Ideal mirrors of each aspect of reality. (x) Simply proven by using Euclidean geometry. (y) The simplest possible workable theories. (z) Absolutely free of error.

Please help me to solve the problem of Occam's razor that is given above.

View Complete Question

Related Questions in Public Economics

Q : Global warming Can someone please

Can someone please explain me that global warming, litter and pollution are all examples of...(v) produced goods, (w) by-products, (x) technological spin-offs, (y) errors in judgment and (z) economic bads. How can I solve my economics problems? Please

Q : Decisions and owns resources The

The Economic systems are categorized mainly according to: (1) Who makes decisions and who owns the resources. (2) Which political parties are in the power. (3) The extent of economic growth. (4) How efficiently resources are employed.

Q : What is made by a progarm I need a good

I need a good answer on the topic of scarcity economic problems. Please give me your suggestion that program, which gives health care at no charge to patients would create: (w) top quality health care obtainable to somebody. (x) health care a free goo

Q : Quantity theory of money David Hume and

David Hume and John Locke summarized an early version of: (1) the circular flow of income. (2) the permanent income hypothesis. (3) the quantity theory of money. (4) the marginal disutility of poverty. (5) the backward-bending supply

Q : Socialism of nonhuman resources The

The system in which the government acts as the trustee for all members of society by owning most of the nonhuman resources is: (1) The market system. (2) Capitalism. (3) Decentralized (4). Socialism. Can someone please help me in f

Q : Existence problem regarding each and

Can anybody suggest me the proper explanation for existence problem regarding every society. Every society should answer questions regarding “How?, for Whom? and What?” due to the exist

Q : Major foundations of capitalism Can

Can someone help me in finding out the right answer from the given options. Major foundations of the capitalism are as: (1) Private property and laissez faire govt. (2) Government enforcement of contracts and equivalent opportunity for all. (3) The ri

Q : Illustrates a problem of Distributive

Bob the Baker and Bill the Butcher while both would be willing to trade three loaves of bread for a pair of T-Bone steaks, but for several reasons they not include: (i) Bob must become a vegetarian so he doesn't contain to rely upon Bill. (ii) The economy has producti

Q : Worse off and better off condition in

When an economic change makes one person worse off and one thousand persons better off, this is: (1) good for society. (2) bad for society. (3) neither bad nor good for society. (4) not possible to assess without a va

Q : Why is a wristwatch a model of the

A wristwatch is a model of the passage of time since it gives a: (w) simple representation of a complex process. (x) good illustration of modern technology. (y) way to coordinate human activity. (z) unique statement of one's personality.

Discover Q & A

Leading Solution Library

Avail More Than 1421819 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1922217
Asked

3,689

Active Tutors

1421819

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment