Under the rational criminal model, an increase in the legal income producing opportunities available to a population will
A. decrease crime.
B. simply shift crime from blue-collar to white-collar crime.
C. increase crime.
D. have no effect on crime.
Answer: A
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An increase in the U.S. demand for imports will ________ the supply of dollars and lead the dollar to ________
A) increase; appreciate B) decrease; appreciate C) increase; depreciate D) decrease; depreciate
The long run is referred to as a planning horizon because:
a. the firm has committed to a fixed quantity of at least one resource and the other resources are variable. b. the manager has selected the size of the firm that appears to be the least profitable and does not have the option of selecting any other plant size. c. the firm has not committed to a fixed quantity of any resource and has all options available to it. d. the manager has selected a scale of production. e. the firm is operating along a specific average-cost curve.
Who from among the following would be counted as unemployed?
A. A person who is willing to work but has not looked for a job in two months. B. A person with a part-time job who wants and is looking for a full-time job. C. A person who is willing to work and has looked for a job in the last week. D. All of these people would be counted as unemployed.
Figure 10.6 shows prices, demands, and cost data for the only restaurant in a small town. If the restaurant charges the single price of $8 per meal, what is its profit from non-senior customers?
A. $1,200 B. $1,500 C. $2,280 D. $2,560