Which of the following is not an example of a crime contemplated by the rational criminal model?
A. Car theft
B. Murder for hire
C. Insurance fraud
D. School shooting
Answer: D
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When a good is nonexcludable, then individuals
A. will purchase the good for less than it cost to produce. B. can obtain the benefits of the good without paying for it. C. have an incentive to become free riders. D. will purchase more than the optimum amount. E. b and c
Increasing transactions costs of selling an asset make the asset
A) more valuable. B) more liquid. C) less liquid. D) more moneylike.
Use the information in Scenario 4.2. What is the price elasticity of demand if the price of artichokes is $10?
A) 0 B) -0.25 C) -1 D) -4 E) negative infinity
In this graph, when disposable income is 3,000, consumption is
A. 2,000.
B. 2,500.
C. 3,000.
D. 3,500.