Question 1

From the viewpoint of a society as a whole,theft represents a transfer of income to thieves from victims of theft.

Accepted Answer

A) True 
 B)False

Question 2

People choose to participate in criminal activities because

Accepted Answer

A)  Their implicit costs are low
B)  They have a strong,unrestrained emotion
C)  The probability of getting caught is low
D)  The potential return is high
E)  All of the above

Question 3

If the likelihood of being caught committing a crime is low,the severity of the penalty is of little importance to potential criminals.

Accepted Answer

A) True 
 B)False

Question 4

The Following Questions Refer to the graph below. 1 to D2 B) D2 to D1 C) S2 to S1 D) D1 to D2 and S1 to S2 E) D2 to D1 and S1 to S2" class="answers-bank-image d-inline" rel="preload" >
-Which of the following shifts best represents the likely effect of legalizing marijuana?

Accepted Answer

A)  D1 to D2
B)  D2 to D1
C)  S2 to S1
D)  D1 to D2 and S1 to S2
E)  D2 to D1 and S1 to S2

Question 5

The Following Questions Refer to the graph below. 
-With prohibition,demand in the market for beer will

Accepted Answer

A)  Increase
B)  Decrease
C)  Shift to the right
D)  Not be affected
E)  Become flatter B

Question 6

If income from the sale of illegal goods exceeds the production costs of the goods,which of the following is true?

Accepted Answer

A)  The criminal earns a profit
B)  Crime "pays"
C)  Revenue plus psychic income exceeds all costs
D)  Income more than covers explicit,implicit,and psychic costs
E)  All of the above

Question 7

Marginal social benefits are the positive social spillovers in consumption that result from the consumption of public goods.

Accepted Answer

A) True 
 B)False

Question 8

Economic analysis of crime can

Accepted Answer

A)  Determine what activities should be considered illegal
B)  Determine what the economic impact will be of making certain activities illegal
C)  Tell us which activities should be punishable
D)  Tell us how much it will cost to eliminate crime
E)  Do all of the above

Question 9

The costs of resources used in crime prevention

Accepted Answer

A)  Are equal to the value those resources would have provided in their best alternative use
B)  Are equal to the value of these resources in reducing crime
C)  Can be approximated by the expenditures on criminal activities
D)  Both (a) and (c) 
E)  All of the above

Question 10

The Following Questions Refer to the table below. 
-The net benefit of an additional unit of crime prevention to society is highest with how many units of crime prevention?

Accepted Answer

A)  0
B)  1
C)  3
D)  5
E)  6

Question 11

The ultimate economic goal of crime prevention is complete suppression of crimE.

Accepted Answer

A) True 
 B)False

Question 12

The Following Questions Refer to the graph below. 2 and S2 represent the market for beer if it is legal.Prohibition will cause equilibrium price and quantity to change to A) P1 and Q2 B) P2 and Q1 C) P3 and Q4 D) P4 and Q3 E) None of the above" class="answers-bank-image d-inline" rel="preload" >
-Curves D2 and S2 represent the market for beer if it is legal.Prohibition will cause equilibrium price and quantity to change to

Accepted Answer

A)  P1 and Q2
B)  P2 and Q1
C)  P3 and Q4
D)  P4 and Q3
E)  None of the above B

Question 13

If the correct amount has been budgeted for crime prevention activities,the last dollar spent should yield approximately one dollar's worth of additional benefits.

Accepted Answer

A) True 
 B)False

Question 14

The Following Questions Refer to the table below. 
-As more crime prevention is added,the MSB of crime prevention

Accepted Answer

A)  Increases
B)  Decreases
C)  Becomes higher than MCS
D)  Does not change
E)  Is more difficult to determine

Question 15

The Following Questions Refer to the table below.  The cost of each police officer is $20,000; the cost of each patrol car is $10,000.
-The total benefit of hiring three police officers is

Accepted Answer

A)  $18,000
B)  $48,000
C)  $60,000
D)  $148,000
E)  $249,000 E

Question 16

The Following Questions Refer to the table below.  The cost of each police officer is $20,000; the cost of each patrol car is $10,000.
-If the total budget is $100,000,what is the most efficient allocation of the crime prevention budget?

Accepted Answer

A)  1 police officer; 8 patrol cars
B)  2 police officers; 6 patrol cars
C)  3 police officers; 4 patrol cars
D)  4 police officers; 2 patrol cars
E)  5 police officers; 0 patrol cars

Question 17

The Following Questions Refer to the graph below. 
-With prohibition,supply in the market for beer will

Accepted Answer

A)  Increase
B)  Decrease
C)  Shift to the right
D)  Not be affected
E)  Become flatter

Question 18

Which of the following would not result from the legalization of marijuana?

Accepted Answer

A)  A fall in the price of marijuana
B)  An increase in the quality of marijuana
C)  A significant increase in the supply of marijuana
D)  A significant increase in the demand for marijuana
E)  A decrease in the supply of marijuana

Question 19

Arson is an example of a(n)

Accepted Answer

A)  Violent crime
B)  Crime against property
C)  Illegal trafficking of goods and services
D)  "other" crime
E)  None of the above

Question 20

Vandalism is a violent crimE.

Accepted Answer

A) True 
 B)False

Exam 5: Economics of Crime and Its Prevention: How Much Is Too Much

From the viewpoint of a society as a whole,theft represents a transfer of income to thieves from victims of theft.

Correct AnswerverifiedShow Answer

People choose to participate in criminal activities because

Correct AnswerverifiedShow Answer

If the likelihood of being caught committing a crime is low,the severity of the penalty is of little importance to potential criminals.

Correct AnswerverifiedShow Answer

The Following Questions Refer to the graph below. -Which of the following shifts best represents the likely effect of legalizing marijuana?

Correct AnswerverifiedShow Answer

The Following Questions Refer to the graph below. -With prohibition,demand in the market for beer will

Correct AnswerverifiedB

If income from the sale of illegal goods exceeds the production costs of the goods,which of the following is true?

Correct AnswerverifiedShow Answer

Marginal social benefits are the positive social spillovers in consumption that result from the consumption of public goods.

Correct AnswerverifiedShow Answer

Economic analysis of crime can

Correct AnswerverifiedShow Answer

The costs of resources used in crime prevention

Correct AnswerverifiedShow Answer

The Following Questions Refer to the table below. -The net benefit of an additional unit of crime prevention to society is highest with how many units of crime prevention?

Correct AnswerverifiedShow Answer

The ultimate economic goal of crime prevention is complete suppression of crimE.

Correct AnswerverifiedShow Answer

The Following Questions Refer to the graph below. -Curves D2 and S2 represent the market for beer if it is legal.Prohibition will cause equilibrium price and quantity to change to

Correct AnswerverifiedB

If the correct amount has been budgeted for crime prevention activities,the last dollar spent should yield approximately one dollar's worth of additional benefits.

Correct AnswerverifiedShow Answer

The Following Questions Refer to the table below. -As more crime prevention is added,the MSB of crime prevention

Correct AnswerverifiedShow Answer

The Following Questions Refer to the table below. The cost of each police officer is $20,000; the cost of each patrol car is $10,000. -The total benefit of hiring three police officers is

Correct AnswerverifiedE

The Following Questions Refer to the table below. The cost of each police officer is $20,000; the cost of each patrol car is $10,000. -If the total budget is $100,000,what is the most efficient allocation of the crime prevention budget?

Correct AnswerverifiedShow Answer

The Following Questions Refer to the graph below. -With prohibition,supply in the market for beer will

Correct AnswerverifiedShow Answer

Which of the following would not result from the legalization of marijuana?

Correct AnswerverifiedShow Answer

Arson is an example of a(n)

Correct AnswerverifiedShow Answer

Vandalism is a violent crimE.

Correct AnswerverifiedShow Answer

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B

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The Following Questions Refer to the graph below. -Curves D₂ and S₂ represent the market for beer if it is legal.Prohibition will cause equilibrium price and quantity to change to

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B

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E

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