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Multiple Choice Quiz
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1
Criminal activities lead to which of the following types of costs for society?
A)economic
B)psychic
C)opportunity
D)all of the above
2
Crime prevention activities
A)raise GDP above what it would be without them.
B)can be considered an economic good or service.
C)use productive resources.
D)all of the above.
3
The annual economic costs of criminal activities are best measured by
A)the value of goods stolen and destroyed by criminals.
B)the costs of all law enforcement activities.
C)what criminals could have earned in their best alternative employment.
D)forgone GDP resulting from them.
4
Crime prevention activities
A)are private services.
B)are public services.
C)can be provided in optimum amounts by private enterprises through the market system.
D)yield benefits primarily to the individuals who consume them.
5
Which of the following is an example of a public good or service?
A)crime prevention
B)national defense
C)smog control
D)all of the above
6
An externality of crime is illustrated by
A)the inability of a victim of assault to work following the assault.
B)the value of property destroyed in a robbery.
C)the anxiety and decrease in well-being that people feel when crime rates are high.
D)the diversion of resources from making guns to making butter.
7
If marijuana went form being illegal to being legal, the supply of marijuana would
A)increase.
B)decrease.
C)be unaffected.
D)shift to the left.
8
If marijuana went from being illegal to being legal, the demand for marijuana would
A)increase.
B)decrease.
C)be unaffected.
D)shift to the left.
9
Which of the following would most likely represent the market equilibrium price and quantity for marijuana if it went from being illegal to being legal?
A)higher price, lower quantity
B)higher price, higher quantity.
C)lower price, lower quantity.
D)lower price, higher quantity.
10
Economic analysis of the legalization of marijuana tells us that legalizing marijuana
A)will lead to an increase in crime.
B)is desired by society.
C)will restrict the amount of marijuana sold.
D)raises the price of marijuana and therefore decreases quantity demanded.
E)none of the above.





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