An Opinion Based on Personal Preferences and Value Judgments Is

question 98

Multiple Choice

An opinion based on personal preferences and value judgments is called

• A) an objective concept.
• B) a subjective concept.
• C) an unintended consequence.
• D) ceteris paribus.

---

Definitions:

Effort

The use of physical or mental energy to accomplish a task or achieve a goal.

Chance

The occurrence of events in the absence of any obvious intention or cause.

Labor Unions

Organizations that represent the collective interests of workers in negotiations with employers over wages, benefits, and working conditions.

Labor Demanded

The total quantity of workers that employers are willing to hire at a given wage rate in a certain period.