Economists claim that a farmer who owns her land and provides all her own labor, and calculates her profits from the farm by subtracting explicit costs from total revenues, will:
A. Overstate her accounting profits
B. Understate her accounting profits
C. Overstate her economic profits
D. Understate her economic profits
C. Overstate her economic profits
You might also like to view...
In 2002 the United States withdrew from the Treaty of Rome because of administration fears that American military personnel could be tried for war crimes by the International Criminal Court
a. True b. False Indicate whether the statement is true or false
Which of the following is not a criticism of differential association theory?
a. The theory may not be applicable at the individual level b. The theory does not account for the emergence of criminal values, only their communication c. The theory does not explain the origin of crime and deviance d. The theory is not a sufficient explanation for crime
Answer the following statement(s) true (T) or false (F)
1 Group conformers have little desire for affection and/or little respect for the victim’s autonomy and callously use women as sex objects. 2. Most child molesters are strangers to their victims. 3. Senile molesters are usually involved in illegal careers. 4. Robbery is more concentrated in larger cities than any other crime. 5. The explanation for robbery is economic, rather than racial.
The first step in Utilitarian decision analysis is to identify all the _______.
Fill in the blank(s) with the appropriate word(s).