Which of the Following Best Describes Sutherland's Assessment of White-Collar

question 56

Multiple Choice

Which of the following best describes Sutherland's assessment of white-collar crime?

• A) it is just as harmful as street crime and is worthy of attention and research
• B) it is best dealt with internally as the harm is far less than that caused by street criminals
• C) it is easily detected and successfully prosecuted in court
• D) its impact is far more damaging than that caused by street crime

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Definitions:

Interest

The payment made for the use of (borrowed) money.

Supply of Loanable Funds

The total amount of funds available for borrowing in the economy, determined by savings and influenced by interest rates.

Perfectly Elastic

Describes a situation in demand or supply where quantity changes by an infinite amount in response to any change in price.

Economic Profits

The difference between total revenues and total costs, including both explicit and implicit costs, representing the surplus generated from business operations beyond the normal returns.