Which of the Following Statements Expresses a Value Claim

question 52

Multiple Choice

Which of the following statements expresses a value claim?

• A) Germany defeated Sweden in the soccer tournament.
• B) The Windows operating system is produced by Microsoft.
• C) Kevin enlisted in the Army when he was eighteen.
• D) The two ships collided in the middle of the Atlantic.
• E) Ulysses is a wonderful novel.

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Definitions:

Budget Constraint

The maximum range of goods and services a consumer is able to purchase, determined by their income and the cost of these goods and services.

Income

The money received by individuals or entities, typically in the form of wages, salaries, or various types of investments returns.

Opportunity Cost

The forfeiture of possible benefits from other options when a specific choice is made.

Real Cost

The total cost of producing a good or service, considering all resources including time and opportunity costs.