Value Judgments

question 64

Multiple Choice

Value judgments

• A)are subjective opinions that cannot be proven.
• B)should be the only basis for establishing public policies.
• C)are the basis for all economic models.
• D)can be tested and verified.
• E)are basically the same for all individuals.

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Definitions:

State Universities

Public universities that are primarily funded by a state government, offering higher education services to residents often at a reduced cost.

High-interest Loans

Loans that carry significantly higher interest rates than typical loans, often due to increased credit risk.

Economic Incentives

Motivations that influence the financial decisions of individuals and businesses, typically involving rewards or penalties.

Major

In an academic context, it refers to the primary focus or specialization of study selected by a college or university student.