Unilorin Post-UTME Economics 2024 (Model questions) Question 9

Question 9

Basic Concepts

Economics is regarded as a science subject because ________

  1. A.it sometimes follows empirical methods
  2. B.its laws are rigid
  3. C.its laws are usually questioned
  4. D.it studies human behaviour.
Show the answer and explanation

Answer: A (it sometimes follows empirical methods)

Explanation

Economics counts as a science because it uses the scientific method: observing facts, forming theories and testing them against evidence.