Economics is regarded as a science because it
...Economics is regarded as a science because it
Studies laws that govern human behaviour
Uses scientific method to explain human behaviour
Makes use of controlled experiments to explain human behaviour
Makes use of machines to study human behaviour
Correct answer is B
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.
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