According to Cole and Smith, Which Is NOT an Explanation

question 55

Multiple Choice

According to Cole and Smith, which is NOT an explanation for the recent drop in both violent and property crime?

• A) the aging of the baby boomers
• B) increased use of security systems
• C) a dramatic decline in the use of crack cocaine
• D) greater awareness of the societal costs of crime
• E) aggressive police efforts to keep handguns off the streets

---

Definitions:

Exit

In economic terms, the process of withdrawing from a market, ceasing operations, or ending an investment.

Committed Cost

Expenses that a company has already made or obliged itself to make in the future, often fixed and not easily changed.

Minimizing Loss

The strategy or process of taking actions to reduce the amount of money or resources being wasted or lost, especially in business or economic activities.

Efficient Scale

The level of production that minimizes the average total cost of producing a product or service.