If Susan Switches from Going to Speedy Lube for an Oil

question 52

Multiple Choice

If Susan switches from going to Speedy Lube for an oil change to changing the oil in her car herself,then GDP

• A) necessarily rises.
• B) necessarily falls.
• C) will be unaffected because the same service is produced in either case.
• D) will be unaffected because car maintenance is not included in GDP.

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Definitions:

Society's Cost

Refers to the economic and social costs borne by the society at large, as a result of individual or corporate activities, which are not reflected in the price of goods or services, including pollution, health issues, and social disparities.

Violent Crime

Acts that involve force or threat of force, including murder, rape, robbery, and aggravated assault.

External Social Control

Regulates people by imposing punishments and offering rewards.

Feelings of Guilt

Feelings of guilt involve emotional distress and remorse experienced when one believes they have done something wrong or failed to live up to personal or societal standards.