Value Judgments in Economics

question 84

Multiple Choice

Value judgments in economics:

• A) are necessary when objective analysis cannot address a question.
• B) can always be avoided with the use of objective analysis.
• C) are essential parts of positive economics.
• D) can be avoided through the use of normative economics.

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Definitions:

Judgment Sample

A non-probability sampling technique where participants are selected based on the judgement of the researcher, not at random.

Stratified Sample

A sampling method that divides a population into subgroups, or strata, and selects members from each stratum to ensure representation.

Convenience Sample

A sampling technique where participants are selected based on their accessibility and proximity to the researcher.

Convenience Sample

A non-random sample selected because of its accessibility and ease of inclusion in the study, not representing the whole population accurately.