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 versus 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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Value judgements are often associated with {{blank0}} statements, which cannot be tested or proven true or false.
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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 important in economic decision-making?
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Which of the following best describes a normative statement?
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How do value judgements influence government policies? (Select all that apply)
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A {{blank0}} approach to economics accepts that value judgements play a role in decision-making, as economics is a {{blank1}} science.
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