According to Findings Concerning the Consequences of Self-Reported Victimization Incidents

question 81

Multiple Choice

According to findings concerning the consequences of self-reported victimization incidents from the 2014 GSS, what incidents were most likely to result in losses of $1,000 or more?

• A)shoplifting (excluding fashionable clothing)
• B)break and enters and motor vehicle thefts (excluding the theft of parts and attempted thefts)
• C)embezzlement (excluding employees who are given lawful possession of company property such as laptop computers or company vehicles)
• D)extortion (excluding obtaining money or property by using threats of harm against the victim or against his property or family)

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Definitions:

Normal Good

A good for which demand increases as the income of consumers increases.

Price Elasticity

measures how much the quantity demanded of a good responds to a change in the price of that good.

Elastic

Refers to a situation where the demand or supply for a product or service significantly changes in response to price changes.

Coefficient

In algebraic expressions, it's the numerical or fixed quantity that comes before and multiplies the variable.