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WAEC Economics 2015 Question 1

Question 1

Basic Concepts

Economics is regarded as a science because it

  1. A.studies laws that govern human behaviour.
  2. B.uses scientific method to explain human behaviour.
  3. C.makes use of controlled experiments to explain human behavior
  4. D.makes use of machines to study human behaviour.
Show the answer and explanation

Answer: B (uses scientific method to explain human behaviour.)

Explanation

Economics observes facts, forms hypotheses and tests them, which is the scientific method.