Exploring the Scientific Nature of Economics

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Which of the following is NOT a characteristic of a science?

It involves the pursuit of knowledge.

It uses the scientific method.

It deals with efficient allocation of scarce resources. (correct)

It is a systematic body of knowledge.

What is the purpose of an experiment in the scientific method?

To record data obtained from the experiment.

To test a hypothesis. (correct)

To decide if the hypothesis was correct.

To gain information about the problem.

What is the definition of social science according to UK Research and Innovation?

A systematic body of knowledge.

A science that deals with efficient allocation of scarce resources.

A science that involves a pursuit of knowledge covering general truths or the operations of fundamental laws.

The study of society and the manner in which people behave and influence the world around us. (correct)

According to Robbins, what is the focus of economics as a social science?

Dealing with efficient allocation of scarce resources and unlimited demand. Signup and view all the answers

What is the purpose of a conclusion in the scientific method?

To decide if the hypothesis was correct or if further observation and testing is needed. Signup and view all the answers

Which of the following is NOT a step in the scientific method?

Observation Signup and view all the answers

What is the main focus of economics as a social science according to Robbins?

Efficient allocation of scarce resources Signup and view all the answers

What is the purpose of the hypothesis in the scientific method?

To guess what will happen and determine a way to test it Signup and view all the answers

What is the purpose of an experiment in the scientific method?

To decide if the hypothesis was correct or incorrect Signup and view all the answers

What is the definition of social science according to UK Research and Innovation?

The study of society and the manner in which people behave and influence the world around us Signup and view all the answers

Exploring the Scientific Nature of Economics

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Questions and Answers

Which of the following is NOT a characteristic of a science?

What is the purpose of an experiment in the scientific method?

What is the definition of social science according to UK Research and Innovation?

According to Robbins, what is the focus of economics as a social science?

What is the purpose of a conclusion in the scientific method?

Which of the following is NOT a step in the scientific method?

What is the main focus of economics as a social science according to Robbins?

What is the purpose of the hypothesis in the scientific method?

What is the purpose of an experiment in the scientific method?

What is the definition of social science according to UK Research and Innovation?

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