The Absence of Value Judgments Is the Essence of

question 164

Multiple Choice

The absence of value judgments is the essence of

• A) normative economics.
• B) positive economics.
• C) microeconomics.
• D) macroeconomics.

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Definitions:

Not-For-Profit Corporation

An organization formed for purposes other than generating profit, where any income generated is used in pursuing its goals instead of being distributed as dividends.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, thus having an interest in the company's management, profits, and assets.

Members

Individuals who are part of a group, organization, or body, often having specific rights or responsibilities.

Special Charter

A specific grant of authority and rights by the state to incorporate a city, corporation, or university, detailing its organization, powers, and privileges.