Economic Theory Suggests That Permanent Gun Buybackprograms

question 63

Multiple Choice

Economic theory suggests that permanent gun buybackprograms:

• A)succeed in reducing the number of guns in circulation.
• B)make guns less valuable.
• C)increase the quantity of low quality guns in circulation but decrease the quantity of high quality guns in
• Circulation.
• D)increase the number of guns in circulation.(True Answer )Correct

---

Definitions:

Trade Barriers

Measures implemented by governments to regulate or limit international trade, including tariffs, quotas, and embargos, to protect domestic industries.

Power Distance

The degree to which a culture accepts unequal distribution of power.

Inequality

The uneven distribution or imbalance of resources, opportunities, and rights among individuals or groups, leading to disparities in wealth, status, and power.

Formality

The degree to which activities, procedures, or operations are structured and officially sanctioned.