A Level Economics AQA Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the A Level Economics AQA Exam with rigorous quizzes and essential study materials. Test your understanding with multiple choice questions, detailed explanations, and targeted hints. Boost your confidence to excel in your Economics exam!

Start Multiple Choice Practice Test
Start Flash Cards

Practice this question and more.

What does a value judgement represent?

  1. A factual statement about economic principles

  2. An individual's opinion based on personal beliefs

  3. A universally accepted economic fact

  4. A conclusion drawn from statistical analysis

The correct answer is: An individual's opinion based on personal beliefs

A value judgement represents an individual's opinion based on personal beliefs, which aligns perfectly with the correct answer. Value judgements involve subjective evaluations and preferences, reflecting individual perspectives about what is important or desirable in economic contexts. For instance, one might argue that a particular policy is "good" or "bad" based on personal values regarding equity, efficiency, or welfare. This is distinct from factual statements or universally accepted facts, which do not incorporate personal opinions. Value judgements are also separate from conclusions drawn from statistical analysis, which rely on data and objective evidence rather than individual beliefs or opinions.

More Questions Like This