Jurisdiction Based on the Presence of Property Within the State

question 89

Multiple Choice

Jurisdiction based on the presence of property within the state is called ________ jurisdiction.

• A)in rem
• B)personam
• C)sui iuris
• D)subject-matter

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Definitions:

Value Judgments

Assessments or opinions based on personal values, ethics, or tastes, rather than objective data.

Positive Economic Statement

An objective statement that can be tested or validated and is based on factual information.

Budget Line

A diagram that represents all possible pairs of two commodities that can be acquired with a given budget and product prices.

Incomes

The money received by individuals or groups for work, from investments, or from transfers like pensions or gifts.