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Economics (AS & A Level) · May / June 2026 · Paper 12 · Question 5

9708Economic methodology

Which statement about economics is not correct?

  1. AEconomic actions can produce unexpected side effects.
  2. BEconomic thinking is usually based on logical reasoning at the margin.
  3. CThe use of scarce resources to produce a good always has a cost.
  4. DThe value of a good or service involves a purely objective judgement.

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Correct answer: D. The value of a good or service involves a purely objective judgement.

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