econ327practiceexam2

econ327practiceexam2 - Econ 327 The Economics of Crime...

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Econ. 327 The Economics of Crime Midterm 2 Winter 2007 Version 2 ============================================================== T/F (two points for each correct answer) 1. Law enforcement resources should be allocated in such a way so as to maximize the difference between total benefit and total cost. 2. There are substantial economies of scale to be realized from prison expansion. 3. Public taxation to pay for the resources used in law enforcement reflects the wish to increase welfare efficiency. 4. The probability of conviction in a criminal trial is an inverse function of the resources the accused spends to defend herself. 5. According to the class handout, the Sentencing Project ( a prison reform group), in a recent study, found that states with the greatest incarceration increases over the last decade had less impact on crime, including violent crime, than states with lower increases. 6. A prosecutor will allocate resources in such a way as to maximize the number of convictions. 7. One problem associated with the provision of public goods is that the link between willingness to pay and price is broken. 8. According to prisoner self-report surveys, the pettier the crime the more frequent the offense. 9. There is a strong correlation between the strength of the economy and crime rates. 10. During the period of time that Rudy Giuliani was mayor of New York and the ‘broken windows’ policing strategy was introduced the number of police officers in New York increased 45%. 11. Conviction rates are positively related to subsequent favorable career outcomes for US Attorneys. 12. The elasticity of crime with respect to numbers of police is greater than the elasticity of crime with respect to incarceration, according to Levitt. 1
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Multiple Choice ( five points for each correct answer ) 13. The city of Detroit is considering implementing a program that uses electronic tethers (ankle bracelets) to keep track of probationers sentenced to house arrest. Each tether costs $600 today. The projected savings to the city (decreased use of probation officers’ time, administrative and clerical costs) per tether are $350/year for three years. The current discount rate is .1. What is the net benefit per tether of the program? ( Round to the nearest dollar). a. $355
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econ327practiceexam2 - Econ 327 The Economics of Crime...

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