Economics is often described as a social science because<...
Economics is often described as a social science because
Laboratory experiments are performed
It makes use of controlled experiments
It uses scientific methods to explain an observed phenomenon and predict future events
It makes use of fieldwork
Correct answer is C
Economics is considered a social science because it uses scientific methods to build theories that can help explain the behaviour of individuals, groups and organisations.
Liquidity preference refers to the ...
One relationship between marginal utility and total utility. When total is ...
The final stage in the production process of any commodity involves its movement from the ...
In manufacturing, division of labour may be hindered by ...
A deficit balance of payments is measured by subtracting the debits from the credits in the ...
The theoretical relationship between money supply and prices is weakened by changes in the ...