(Last Word) All of the following would reduce property crime by increasing its "price," except:
A. imposing greater penalties for those who are caught and convicted.
B. using more sophisticated security systems.
C. enhancing the legitimate earnings of potential criminals.
D. cutting out the middlemen ("fences") by selling stolen goods via Internet auction sites.
Answer: D
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Assume that Honduras has a comparative advantage in producing bananas and exports bananas to Brazil. We can conclude that
A) Honduras has a lower opportunity cost of producing bananas relative to Brazil. B) Brazil has an absolute disadvantage in producing bananas relative to Honduras. C) Labor costs are higher for banana producers in Brazil than in Honduras. D) Honduras also has an absolute advantage in producing bananas relative to Brazil.
By the end of 2011, the federal debt was about
A. $20 billion. B. $80.6 billion. C. $1 trillion. D. $10.1 trillion.
According to the monetarists, the ratio of nominal GDP to the money stock should be
a. highly unstable in short run and in long run. b. unstable only during recession. c. unstable only in the long run. d. quite stable in the short run and the long run. e. unstable only if the LM curve shifts.
The process of deregulating the airlines was initiated in the late 1970s by
a. Ronald Reagan b. George Bush c. Jimmy Carter d. Paul Volcker e. Lyndon Johnson