Criminologists and economists estimate that the average criminal commits _______crimes per year.
A. 10 to 180
B. 200 to 1000
C. 5 to 10
D. 1 to 5
Answer: A
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If a fast food restaurant was one of many hiring workers, the minimum wage was $7.25 an hour, and it was paying $7.25 an hour, an increase in market demand so that the new equilibrium was $9.00 per hour would cause them to
A. lower their offering wage to $6.50 an hour. B. pay between $7.25 and $9.00. C. raise their offering wage to $9.00 an hour. D. do nothing differently.
If an person believes that it is likely that interest rates will increase, she is likely to hold less
A) money. B) real assets. C) stock. D) bonds.
Which of the following is not a characteristic that makes medical care different from other commodities?
a. Demand for medical care is irregular. b. Sellers have more information than buyers. c. Third-party payers abound. d. For-profit providers play a major role in delivering medical care. e. The transaction itself if filled with uncertainty.
The country of Solidia is politically very stable and has a long tradition of respecting property rights. If several other countries suddenly became politically unstable, we would expect Solidia's
a. real interest rate to rise. b. real exchange rate to rise. c. net exports to rise. d. None of the above is likely.