Which of the Following Is Included in the NCVS

question 17

Multiple Choice

Which of the following is included in the NCVS?

• A) offenses committed against children under the age of 12
• B) offenses committed against commercial or business establishments
• C) homicides
• D) rapes and sexual assaults

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Definitions:

Profit-Maximizing

A strategy or process by which a company seeks to achieve the highest possible profit through its operations and pricing.

Factor Market

The factor market is the marketplace for the services of factors of production (labor, capital, land, and entrepreneurship) where these services are bought and sold.

Marginal Product

The increase in output that results from employing one more unit of a production factor, holding all other factors constant.

Income Distribution

How a nation’s total GDP is distributed amongst its population.