Professor Henley Is Interested in Comparing the Use of the Legal

question 14

Multiple Choice

Professor Henley is interested in comparing the use of the legal system in different countries. Henley examines the number of arrests per 1,000 population, the number of jury trials per 1,000 court cases, the number of lawyers per capita, and the number of people incarcerated per 1,000 population. Henley is doing

• A)social indicator research.
• B)cost/benefit analysis.
• C)time-series designs.
• D)computer simulations.
• E)intervention analysis.

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Definitions:

Price Floor

A government-imposed limit on how low a price can be charged for a product or service.

Price Floors

A government- or authority-imposed minimum price that can be charged for a commodity, which is typically set above the equilibrium price to protect producers.

Consumer Surplus

The gap between what consumers are prepared to pay for a product or service, and what they end up spending.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive, due to market price.