Question 1
Basic ConceptsEconomics is regarded as a science because
- A.its issues can be easily verified by reference to facts.
- B.it adopts scientific method in making its analysis.
- C.its issues are relevant for national development.
- D.its subject matter studies human behaviour
Show the answer and explanation
Answer: B (it adopts scientific method in making its analysis.)
Explanation
Economics uses the scientific method: observation, hypotheses and testing.