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1.1 Economic methodology and the economic problem

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Question 32

An economic researcher formulates a model based on consumer behaviour assumptions, deduces a testable prediction, and collects empirical market data to evaluate its accuracy.

This systematic process is an example of

A

how normative economic statements can be verified through empirical observation.

B

why monetary policy decisions are purely based on value judgements.

C

the scientific methodology used to develop and refine economic theories.

D

why economics is classified as a branch of humanities rather than a social science.

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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