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WAEC Economics 1997 Question 1

Question 1

Basic Concepts

Economics is often described as a science because it

  1. A.adopts the use of laboratory experiments
  2. B.involves accurate prediction of human beings
  3. C.makes use of controlled experiments
  4. D.uses scientific methods to explain observed phenomena
  5. E.deals with observations and field work
Show the answer and explanation

Answer: D (uses scientific methods to explain observed phenomena)

Explanation

Economics is a science because it uses scientific method: observation, hypotheses, testing and generalisation.