Question

In economics, prediction about behaviour of variables in future ____________.

• A. is never possible
• B. is possible, but not accurate
• C. is possible with $100\%$ accuracy
• D. none of the above

Answer 1

The correct option is B is possible, but not accurate

Economic laws and theories are based on repeated observations, so prediction and forecasting is possible, however, it may be inaccurate due to dynamic situations and since the said laws are conditional.