Swindles Run by Crooks Who Aspire to Separate a Victim

question 59

Multiple Choice

Swindles run by crooks who aspire to separate a victim from his or her hard-earned money are known as:

• A)constructive stings
• B)confidence games
• C)constructive schemes
• D)confidence schemes

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Definitions:

Macroeconomics

A branch of economics dealing with the structure, performance, behavior, and decision-making of an economy as a whole, rather than individual markets.

Marginal Products

The additional output that is produced as a result of adding one more unit of a particular input while holding other inputs constant.

Low-productivity Workers

Refers to employees who have below-average output per unit of input, often due to lack of skills, motivation, or resources.

Adverse Selection

A situation where sellers have information that buyers do not have, or vice versa, often leading to an inefficient market outcome.