Under the rational criminal model, a decrease in the probability of getting caught will
A. increase unemployment among pro bono defense attorneys.
B. increase crime.
C. have no effect on crime.
D. decrease crime.
Answer: B
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If the demand curve for a product shifts to the left and the supply curve for the product shifts to the left, the equilibrium quantity will decrease
Indicate whether the statement is true or false
Since it does not have to be converted into anything else to make purchases, ________ is the most liquid asset
A) money B) stock C) artwork D) gold
Methods of financing government spending are described by an expression called the government budget constraint, which states the following
A) the government budget deficit must equal the sum of the change in the monetary base and the change in government bonds held by the public. B) the government budget deficit must equal the difference between the change in the monetary base and the change in government bonds held by the public. C) the government budget deficit must equal the difference between the change in the monetary base and the change in government bonds held by the Fed. D) the government budget deficit must equal the difference between the change in the monetary base and the change in government bonds held by the Treasury.
If finding the last stamp to complete your collection makes you even happier than finding the first, then your
a. marginal utility is zero b. marginal utility is negative c. total utility is decreasing d. total utility is constant e. marginal utility is not diminishing