Economics As A Science - SS1 Economics Past Questions & 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
2

The knowledge generated through economics does nothing for the welfare of the society TRUE/ FALSE

A

TRUE

B

FALSE

CORRECT OPTION: a
3

Economics employs the scientific method to study human behaviour TRUE/FALSE

A

TRUE

B

FALSE

CORRECT OPTION: a
4

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.

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