The Payment of Money to Victims of Crimes by the Offender

question 61

Multiple Choice

The payment of money to victims of crimes by the offender to repair harm done through the offense is

• A) restitution.
• B) community restitution.
• C) restoration.
• D) day fines.

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Definitions:

Consumer Surplus

The divergence between the aggregate amount consumers are willing and have the means to pay for a good or service, and what they truly pay.

Producer Surplus

The disparity between what sellers are ready to take for a product or service and the actual amount they get.

Minimum Imposed Price

A price floor set by the government or other regulatory body, above the equilibrium price, to prevent prices from falling too low.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing a measure of consumer satisfaction.