The costs borne by an individual victim of theft can diverge from the social costs if the
A. stolen items were destroyed by the thief.
B. stolen items were covered by insurance.
C. stolen items were priceless.
D. all of the options are correct.
Answer: B
You might also like to view...
Free riders often result in
A. overallocation of resources. B. competitive markets. C. scarcity of time. D. market failure.
According to this Application, a study of municipalities in Latin and South America found that a one degree Celsius rise in temperature was associated with
A) no measurable change in per capita income. B) a decline in municipal per capita income. C) a small decline in real income and a small increase in per capita real income. D) a slight increase in municipal per capita income.
In a closed economy, an increase in government spending, while taxes remain the same, will be accompanied by
A) a decrease in private investment and an increase in privates saving. B) an increase in private investment and a decrease in private savings. C) a decrease in private investment only. D) an increase in private savings only.
Laws that make it illegal to require union membership as a condition of continuing employment in a firm are
A) union shop laws. B) right-to-work laws. C) closed-shop laws. D) jurisdictional laws.