A Program, Based on Criminal Statutes, by Which Victims of Violent

question 30

Multiple Choice

A program, based on criminal statutes, by which victims of violent crime may receive a limited financial award for damages done by a criminal is called ___________.

• A) victim compensation
• B) criminal compensation
• C) just deserts
• D) pay back

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Definitions:

Excess Capacity

A situation where a firm is operating below its maximum production capability and can produce more with the existing resources.

Physical And Human Capital

Assets including machinery, buildings (physical capital) and the skills, knowledge, and experience possessed by an individual or population (human capital).

Excess Capacity

A situation where a firm is producing at a lower scale of output than it has been built to handle, due to insufficient demand.

Product Diversity

The variety of different items within a particular category available to consumers in the market.