Question on: JAMB Economics - 2020
Economics is often described as a social science because?
A
laboratory experiments are performed
B
It makes use of controlled experiments
C
It uses scientific methods to explain an observed phenomenon and predict future events
D
It makes use of fieldwork
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Correct Option: C
Economics is regarded as a social 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.
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