If Peter Is Engaged in Illegal Activities as Part of an Organized

question 29

Multiple Choice

If Peter is engaged in illegal activities as part of an organized criminal outfit, the law designed to criminally penalize Peter is the:

• A)Employee Retirement Income Security Act (ERISA).
• B)Worker Adjustment and Retraining (WARN)Act.
• C)Federal Occupational Safety and Health Act (OSHA).
• D)Racketeer Influenced and Corrupt Organizations Act (RICO).

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Definitions:

Aggregate Supply Curve

A graphical representation showing the total supply of goods and services that firms in an economy are willing and able to produce at different price levels.

Maximum Output Level

The highest quantity of goods or services an economy or enterprise can produce using its current resources and technology.

Cyclical Unemployment

When people are out of work because the economy is operating below the full-employment level. It rises sharply during recessions.

Classical Economists

Economists from the late 18th and early 19th centuries who focused on the development of concepts like supply and demand, and the invisible hand theory.