Quiz: Value Judgements in Economic Decision-Making
Pearson Edexcel Level 3 Advanced GCE in Economics A (9EC0)
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Building on what you've learned, let's 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 personal {{blank0}} or beliefs about what is {{blank1}} or undesirable.
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Match the items on the left with their correct pairs on the right
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Which of the following is a normative statement?
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Why might economists disagree on economic policies? (Select all that apply)
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Economic policies often reflect {{blank0}} judgements about what is {{blank1}} for society.
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Which thinker argued that value judgements are important in economic decisions?
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Which statement reflects a value judgement?
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