Economic Theory Suggests That Gun Buyback Programs

question 27

Multiple Choice

Economic theory suggests that gun buyback programs:

• A)are effective in reducing the number of guns on city streets.
• B)do not reduce the number of guns on city streets.(True Answer )Correct
• C)are most effective if the supply curve of guns is perfectly elastic.
• D)reduce the demand for new and better functioning guns.

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Definitions:

Sample Point

A single outcome from a statistical experiment.

Event

An occurrence or result that can be defined within a certain context, particularly in probability and statistics.

Sample Points

Specific outcomes or members of the sample space in a statistical experiment, each representing a possible result.

Probability

The assessment of how probable an event is to occur, measured on a scale from 0 to 1.