According to the Text, Which of the Following Is True

question 53

Multiple Choice

According to the text, which of the following is true?

• A) The need for formal social control has diminished in modern times
• B) The opportunities for white collar crime were greater in traditional societies
• C) Informal social control is less effective in traditional than in modern societies
• D) Many of the worst white collar crimes were committed by the powerful who did not have incentives to impose formal controls on their own predatory practices

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Definitions:

Nash Equilibrium

A concept in game theory where no player can benefit by changing strategies while the other players keep theirs unchanged, indicating a stable state of balance.

Individual Profits

The net income received by an individual from their business or investment activities.

NCAA

The National Collegiate Athletic Association is a member-led organization dedicated to the well-being and lifelong success of college athletes.

Market

An economic concept referring to a mechanism or environment where buyers and sellers interact to exchange goods, services, or information.