In What Year Did the Broken Windows Approach Emerge in New

question 25

Multiple Choice

In what year did the broken windows approach emerge in New York City?

• A) 1960s
• B) 1970s
• C) 1980s
• D) 1990s

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Definitions:

Producer Surplus

The discrepancy between the price at which producers are inclined to sell a product and the actual price they get, frequently viewed as an indicator of the well-being of producers.

Tax

A mandatory monetary fee or a different kind of tax placed on an individual or entity by a government agency.

Producer Surplus

The gap between the minimum amount that sellers are prepared to accept for a product or service and the higher price they actually get.

Consumer Surplus

The deviation between what consumers intend and are able to spend on a good or service compared to their final payment.