Discuss the decision a criminal must make before deciding whether or not to steal
Please provide the best answer for the statement.
A criminal, like a consumer, must compare the marginal utility of the good with the price it. The price of the good, in the case of stealing, is the cost the criminal would bear by stealing the item. The marginal utility of the good is the value the individual places on the item. The potential costs of stealing include direct costs (supplies and tools), forgone income from legitimate work opportunities, and guilt costs. If the criminal is caught he or she may bear additional costs in the form of fines, imprisonment, and shame.
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The monthly average of the 35 highest earnings years adjusted for wage inflation is the
A. most the retiree can receive in interest without having part of their benefit reduced. B. PIA. C. AIME. D. amount of the retiree's monthly check.
Scientific methods used to identify environmental health hazards include all of the following EXCEPT
a. case clusters c. problem formulation b. epidemiological studies d. animal bioassays
Which of the following statements is false?
a) Income elasticity of demand is positive for inferior products. b) Income elasticity of demand is negative for inferior products. c) Income elasticity of demand is positive for normal goods. d) None of the above.
Why is fiscal policy less effective in an open economy than in a closed economy?
a. Expansionary fiscal policy raises demand for imports, which reduces aggregate demand.
b. Expansionary fiscal policy raises interest rates, which raises the value of the currency, and reduces aggregate demand.
c. Expansionary fiscal policy raises the value of the currency, which reduces demand for exports.
d. Expansionary fiscal policy has all the above effects.