Which of the Following Statements Expresses a Value Claim

question 13

Multiple Choice

Which of the following statements expresses a value claim?

• A) Most art museums are reluctant to purchase the work of young artists.
• B) The diagnosis of bipolar disorder among adolescents has risen in recent years.
• C) Dog fighting is a thoroughly disgusting line of business.
• D) When interest rates rise, the number of real estate foreclosures tends to increase.
• E) Mountaintop removal of coal causes tremendous erosion and soil runoff.

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Definitions:

Bliss Point

The optimal quantity of consumption where any further increase or decrease would lead to a lower level of satisfaction for the consumer.

Indifference Curves

Graphical representations in microeconomics to illustrate different combinations of goods between which a consumer is indifferent.

Utility Function

A mathematical representation that ranks preferences or satisfaction levels consumers derive from different bundles of goods.

Perfect Substitutes

Products or goods that can replace each other perfectly with no loss of utility to the consumer.