Question

In economics as a science, cause and effect between related factors ____________.

• A. cannot be expressed
• B. cannot be identified
• C. can be identified but not always quantified
• D. there is no cause-effect relationship at all in economics

Answer 1

The correct option is C can be identified but not always quantified

Economics is regarded as a science as it has a systematic body of knowledge that yields the same result whenever it is experimented which sets the cause and effect relationship between various factors of the economy.