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1.1 Economic methodology and the economic problem

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Question 89

Which one of the following statements involves a value judgement?

A

A rise in interest rates usually leads to a decrease in household consumption.

B

The government should raise taxes on congestion to improve urban living standards.

C

A higher rate of inflation reduces the real value of fixed incomes.

D

An increase in the supply of housing, ceteris paribus, leads to a fall in house prices.

Markscheme

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem

123 exam-style questions on AQA A Level Economics 1.1 Economic methodology and the economic problem, covering 1.1.1 Economic methodology, 1.1.2 The nature and purpose of economic activity, 1.1.3 Economic resources, 1.1.4 Scarcity, choice and the allocation of resources, and 1.1.5 Production possibility diagrams. Each one has a worked solution and a mark scheme showing where the marks go.

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