Which of the following is inconsistent with the burglary crime model presented in the textbook?
A) The burglary rate rises during recessions.
B) The burglary rate declines during recessions.
C) The burglary rate remains does not change because of a recession.
D) The anguish cost of committing a burglary is directly related to the expected cost of committing a burglary.
E) a and d
E
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A renewable resource:
A. can be replenished naturally over time. B. is used to regenerate an old piece of capital. C. is used when adopting new technology, and replacing old capital. D. cannot be replenished naturally over time.
Open market operations are
a. when U.S. treasury bonds are bought or sold in the private market. b. when the Fed changes the reserve requirement rate. c. when the Fed buys or sell U.S. treasury bonds. d. when U.S. treasury bonds are issued by the U.S. government.
A monopoly's
a. supply curve is the same as its marginal cost curve b. supply curve is the same as its marginal revenue curve c. marginal cost curve is downward sloping d. demand curve is horizontal e. marginal revenue curve is downward sloping
A college student is thinking about running an ice-cream truck over the summer. Which of the following would likely be included in the total cost of the business?
A. The cost of the truck B. The cost of ice cream cones C. The opportunity cost of the student's time D. All of these would be included in total cost.