When an individual incurs costs in the form of negative personal satisfaction

When an individual incurs costs in the form of

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When an individual incurs costs in the form of negative personal satisfaction, the costs are Answer Selected Answer: Psychic costs Correct Answer: Psychic costs Question 18  4 out of 4 points Job training programs, remedial education courses, and recreational activities might lead to reduced crime rates in depressed areas by Answer Selected Answer: Correct Answer: Increasing the opportunity costs of committing crimes
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Question 19  0 out of 4 points In any city with a given crime prevention budget, additional suppression of prostitution Answer Selected Answer: Correct Answer: Will usually be achieved at the expense of an increase in other kinds of crime Question 20  0 out of 4 points Government can effectively remedy the free-rider problem by Answer Selected Answer: Correct Answer: Requiring all who receive the benefits of a public good or service to pay appropriate taxes for it
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Question 21  4 out of 4 points An additional expenditure on crime prevention should be allocated to the activity where Answer Selected Answer: MSB is greatest Correct Answer: MSB is greatest Question 22  0 out of 4 points Illegal acts are Answer Selected Answer: Correct Answer: Designated as such by the criminal justice system Question 23 
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0 out of 4 points A group project has been assigned and most of the work ends up being produced by only one or two of the group's members. This is an example of Answer Selected Answer: Correct Answer: The free-rider problem Question 24  4 out of 4 points Police officers should be hired up to the point where Answer Selected Answer: Correct Answer: The benefit of the last officer hired is just equal to what its cost to hire her Question 25 
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  • Summer '13
  • Dr.LAHuff
  • Economics, producer, Externality

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