Question 2
Basic ConceptsEconomics is often described as a science because
- A.laboratory experiments are performed
- B.it makes use of controlled experiments
- C.it uses scientific methods to explain observed phenomena and predict future events
- D.it makes use of field work.
Show the answer and explanation
Answer: C (it uses scientific methods to explain observed phenomena and predict future events)
Explanation
Economics is a science because it uses the scientific method: observing facts, forming theories and using them to predict.