Economics As A Science - SS1 Economics Past Questions and Answers - page 1
1
Economics is based on a set of fundamental ________ and ________.
A
Logic and thought
B
Principles and theories
C
Feeling and emotion
D
Principles and emotion
correct option: b
Users' Answers & Comments2
The knowledge generated through economics does nothing for the welfare of the society TRUE/ FALSE
A
TRUE
B
FALSE
correct option: a
Users' Answers & Comments3
Economics employs the scientific method to study human behaviour TRUE/FALSE
A
TRUE
B
FALSE
correct option: a
Users' Answers & Comments4
Why do economists use quantitative and qualitative research methods?
Economists use quantitative and qualitative research methods to gather and analyze data, formulate hypotheses, and test theories.