Economics WAEC

Economics is regarded as a science because it?

A. studies laws that govern human behaviour
B. uses scientific method to explain human behaviour
C. makes use of controlled experiments to explain human behaviour
D. makes use of machines to study human behaviour

Correct Answer: Option B

B. uses scientific method to explain human behaviour

Explanation

Economics is regarded as a science because it uses scientific methods to build theories that can help explain the behaviour of individuals, groups and organisations. Economics attempts to explain economic behaviour, which arises when scarce resources are exchanged.

Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

Categories of People an Offer Can Be Made To and Classifications of Contracts

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

2 days ago

BAM 134 Theory Question: Factors Determining Span of Control in Organizations

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

2 days ago

BAM 134 Theory Question: The Importance and Elements of Delegation in Organizations

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

2 days ago

BAM 134 Theory Question: Recruitment, Selection, and Training Procedures in Organizations

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

2 days ago

BAM 134 Theory Question: Short Notes on Key Management Theories

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

2 days ago

BAM 134 Theory Questions: Effective Communication in Organizations: Characteristics and Consequences of Failure

100 Level Department of Business Administration exam questions and detailed answers. Download the answers in document…

2 days ago