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Circle T if the statement is true, F if it is false.A well-tested or widely accepted...

Circle T if the statement is true, F if it is false.

A well-tested or widely accepted economic theory is often called an economic principle or law.  TF

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Answer #1

Economic principle:

The economics theory is often called economic principle or law, this is because, all the concepts in economics theory is tested in the society and universally accepted.

Hence, the statement is ‘True’.

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