The Rights-Based Approach Would Be Consistent with Recognizing Human Rights

question 27

Multiple Choice

The rights-based approach would be consistent with recognizing human rights, and the crime control approach would be consistent with:

• A)utilitarianism.
• B)widespread government surveillance.
• C)reduction of civil liberties.
• D)all of these are correct.

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Definitions:

Long-Run Equilibrium

A situation in economic analysis where all inputs can be adjusted, and firms have no incentive to enter or exit the industry.

Economic Profit

The total revenue minus total costs, including both explicit and implicit costs.

Competitive Market

A market structure characterized by a large number of sellers and buyers, where no single party can dictate prices or market conditions.

Price-Taker Industry

An industry in which individual firms have no control over the price set by the market and must accept the prevailing price.