Quiz: Value Judgements in Economic Decision-Making
AQA A level economics 7136 specification
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Building on your understanding of economics as a social science and positive vs normative statements, this quiz will test your knowledge 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 is a statement that reflects {{blank0}} or beliefs about what is {{blank1}}.
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Which of the following best describes how value judgements influence economic decision-making?
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In which situations are value judgements likely to play a significant role? (Select all that apply)
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A normative statement is based on {{blank0}} about what should happen, often influenced by {{blank1}}.
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Which of the following is NOT an example of a value judgement?
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