Under the rational criminal model, a decrease in the punishment associated with getting convicted will
A. increase crime.
B. have no effect on crime.
C. increase the caseload in the appellate court system.
D. decrease crime.
Answer: A
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Suppose the exchange rate between the U.S. dollar and the Mexican peso was $1 = 5 pesos. A can of Pepsi sells for $2 in Boston and for 12 pesos in Mexico City
A) Purchasing power parity prevails with these prices. B) Purchasing power parity does not prevail with these prices. C) The U.S. dollar would be expected to depreciate. D) None of the above answers is correct.
List the two characteristics that define a public good
What will be an ideal response?
The calculation of GDP would include
What will be an ideal response?
Assume the demand curve for product X shifts to the right. This might be caused by:
A. a change in consumer tastes that is unfavorable to X. B. a decline in the price of Z if X and Z are substitute goods. C. a decline in income if X is an inferior good. D. an increase in the price of Y if X and Y are complementary goods.