Among the simplest costs of crime to evaluate are typically the
A. wages lost due to missed work days following an assault.
B. deterioration in quality of life due to physical injury.
C. psychological trauma suffered by victims of sexual assault.
D. risk that future productivity at work might be compromised by an injury.
Answer: A
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A price control is:
A) a market determined equilibrium price. B) a non-market price imposition. C) the price at which quantity demanded equals quantity supplied. D) the price that maximizes social surplus.
If marginal cost is increasing then: a. marginal product must be increasing
b. average variable cost must be increasing. c. average total cost must be increasing. d. none of the above must necessarily be true.
Suppose you hold $5,000 in cash when the interest rate on bonds is 4 percent. Other things equal, as the bond interest rate declines to 3 percent, you will want to hold more money because the opportunity cost of holding money has decreased
a. True b. False Indicate whether the statement is true or false
The declared purpose of antitrust policy is to promote competition, yet some would say it actually may prevent competition. Explain the two sides of the debate