Quiz: Value Judgements in Economic Decision-Making
AQA A level economics 7136 specification
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Building on what you've learned about positive and normative statements, let's test your understanding of value judgements in economic decision-making!
Which of the following is an example of a value judgement in economics?
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Which of the following statements involve value judgements? (Select all that apply)
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Value judgements are often based on {{blank0}} views about what is {{blank1}} or desirable.
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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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If an economist claims that reducing taxes will improve economic growth, is this statement normative or positive?
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Match the items on the left with their correct pairs on the right
Which of the following are normative statements? (Select all that apply)
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What is a key limitation of relying on value judgements in economics?
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