When the UCR Indicates That the Murder Rate Was 5

question 46

Multiple Choice

When the UCR indicates that the murder rate was 5.8 in 2009, this means that almost six people in every _____ were murdered between January 1 and December 31, 2009.

• A)1,000
• B)10,000
• C)100,000
• D)One million

---

Definitions:

Economies Of Scale

Cost advantages that a business obtains due to expansion, seen in the form of reduced costs per unit as output increases.

Profit-Maximizing

The method or approach of adapting manufacturing and selling activities to secure the maximum potential profit.

Competitively Organized Industry

An industry characterized by many firms competing against each other in a market to sell their products.

Network Effects

The phenomenon where a product or service becomes more valuable as more people use it.