A Level Economics AQA Practice Exam

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.