Quiz: Value Judgements in Economic Decision-Making
AQA A level economics 7136 specification
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Building on what you've learned about economics as a social science and positive vs normative statements, let's test your understanding of value judgements in economic decision-making!
What is a value judgement in economics?
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Which of the following are examples of value judgements? (Select all that apply)
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A value judgement reflects someone's {{blank0}} or beliefs about an economic issue.
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Match the items on the left with their correct pairs on the right
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Why are value judgements significant in economic decision-making?
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Economic policies often involve value judgements because they aim to improve {{blank0}} outcomes.
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Which of the following statements involve a value judgement? (Select all that apply)
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Match the items on the left with their correct pairs on the right
Which statement best illustrates how value judgements influence policy-making?
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