Gun Buyback Programs, Such as the One Instituted in Washington

question 190

Multiple Choice

Gun buyback programs, such as the one instituted in Washington, D.C., tend to not be very effective because:

• A) the supply of the types of guns exchanged is highly elastic.
• B) the supply of the types of guns exchanged is not very elastic.
• C) the programs tend to have a large impact on the price of guns on the street.
• D) the programs simply end up decreasing the elasticity of supply.

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Definitions:

Silence

The absence of sound or the state of saying nothing, often used as a communication or negotiation strategy.

Acceptance

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Circumstances

The conditions or facts affecting a situation, event, or action, which can influence the outcome or how it is perceived.

Reasonably Definite Terms

A requirement for enforceable contracts specifying that terms must be clear enough for the contracting parties to understand their obligations.