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JAMB Economics 1978 Question 44

Question 44

Basic Concepts

Which of the following is NOT strictly included in the study of Economics?

  1. A.The study of wants
  2. B.The study of choice
  3. C.Whether a particular want satisfies a good or bad purpose
  4. D.The study of scarcity
  5. E.the study of substitution.
Show the answer and explanation

Answer: C (Whether a particular want satisfies a good or bad purpose)

Explanation

Economics is a positive science about wants, scarcity and choice; judging whether a want is good or bad is a moral question outside it.