Economics is often described as a science because it

Economics is often described as a science because it

  1. employs the use of laboratory experiments
  2. engages accurate predication of human beings
  3. make use of controlled experiments
  4. use scientific methods to explain observed phenomena ✓

Explanation

This answer correctly explains the economic concept. Economics studies how people make choices about limited resources.

The other options describe different economic ideas or situations. They don’t fit what this question asks.

Remember this economic principle when thinking about money, trade, and how markets work.