> Otherwise the sign would say use-your-judgment-and-decide-what-to-do.
Huge numbers of stop signs are found in North America, but they're not so common elsewhere. In Europe, most smaller junctions in residential areas will have a "yield" sign, or no sign at all. Busier ones might have a mini-roundabout (give way to the left).
In the UK, installing a stop sign requires the permission of the central government. This is to keep the sign special — if you see one, there really is some risky road layout that means you can't see safely until you're stopped at the sign. There was only one example anywhere near where I grew up: next to an junction by an ancient castle where parts of the building overhung the road, meaning large vehicles might be on the wrong side of the road to pass by.