History is often NOT considered a social science because_______________?
Correct answer: A. its primary concern is to record events of the past
- A. its primary concern is to record events of the past
- B. historians do not use computers
- C. it does not study people
- D. it is not based on evidence
Explanation
History mainly reconstructs and records past events, whereas social sciences generally analyse social relationships and institutions systematically. The other choices are false because historical study uses evidence and concerns human beings.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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