When We Rank an Individual's Values in Order of Their

question 43

Multiple Choice

When we rank an individual's values in order of their ________, we obtain the person's value system.

• A) intensity
• B) content
• C) context
• D) social acceptance
• E) social needs

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Definitions:

Fiat Currency

A currency that the government has declared to be legal tender but is not backed by any physical commodity.

Legal Tender

Legal tender is currency that must be accepted if offered in payment of a debt; typically issued and regulated by a government.

Physical Commodity

Tangible goods that are traded, often used as inputs in the production of other goods or services, such as oil, gold, or wheat.

Precious Metal

A classification for metals that are considered rare and have a high economic value, such as gold, silver, and platinum.